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Overtrading due to fomo

y and buying 200 more here 4.6 region

one idea i have been saying for years is "you have no business trading a live account until you can be consistently profitable in a demo account first" (or at least double a demo account). I highly recommend IB tws demo as a learning platform

I'll eat a bug if VIX stays under 20 and uvxy doesn't crack 6 by this time next week, lol.

nice uvxy chart! buying more l8er

fyi

Outstanding thoughts. I think win rate isn't very important vs risk/trade management with edge. To me edge is based on range, extremes, trading the widest range high volatility charts. And a few simple strict rules, eg for swingtrading I always add to 2day high breakouts and stop out just...

Nice upside breakouts in inverses like TZA today This illustrates one of my favorite basic price action patterns that I teach traders in my live room, which is simply buying just above a whole number at a two-day high.

I might daytrade a bounce premkt

Good luck with that.. I'm long just a few hundred shares, will scale up especially once VIX > 20 and UVXY >6

Anyone else trading UVXY here? VIX up today

I'll scale up UVXY etc tomorrow if they keep going up. I'm long roughly just $6k worth of inverses UVXY SQQQ SRTY SOXS etc tiny for now

Flawless victory :D

inverse plays if spy gets < 412.6

fyi

Great points everyone.... Stops can be a real pain in the butt to figure out, but they're absolutely essential. It seems like I have a fear of missing out if I stop out at the day's low for a swing trade, or just above pivot support for an intraday trade. For swing trading, I found it helps a...

Tony Oz both books

I'm curious, do you use hard stops or trailing stops most of the time? I have tried using both and found that trailing stops usually shake me out of a position earlier than is good. I'll often use both when I'm scaling into or out of a trade. Are there any specific rules that you use? For...