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Astonishingly great dest call, NDX ended -79.53, he said 80. And what's really impressive was the nas was strongest red of 4 markets vs s&p/dow/russell. His NVO call from 80s a winner too. Dest is on the short list of people who know what tf they're talking about here. Well done.

Smart ndx call dest, now -90ish I'm long SQQQ SOXS on tech weakness

Finger on trigger re SQQQ if it takes out 2dh > 8.6 https://www.cnbc.com/quotes/SQQQ Stay frosty I'm long 330shares @ 8.6 cost basis

That's also a little-known trick that some of the chatroom gurus do, like the guys who claim to make huge fortunes day trading. On-screen they go long in a position, while off screen a confederate puts on an equivalent short position in a different account. That way the guru trades relatively...

+1 I worry more about undertrading than overtrading

I've used directional vs inverse ETF pairs to hedge, eg UCO/SCO SPXS/SPXL etc

I'm long SCO (short crude etf) and am scaling in for swingtrading at new highs.

Worth a look , funny

Google "trade small trade often ", similar topic https://www.tastytrade.com/shows/trade-small-trade-often

Big one shot trades also lose more money when they're wrong. Multiple entries are like hedging your bets and giving yourself more attempts to get winners. Law of large numbers.

Good points, the main takeaway is, do you do single or multiple trades as your main trading strategy? There's many different ways to approach it. From what I've seen it makes more sense to do multiple trades with smaller risk per trade, vs one big trade. Seriously how many experienced day...

I scale every trade if possible for both swings and daytrading

The main goal in doing multiple trades is to minimize upfront risk / cost of stops for initial entries that fail. These initial trades either stop out small or produce an unrealized profit, that's used for the main trades in the sequence, your 2nd/3rd entries. Amateur one shot: buy 1k shares...

Depends.... usually small first entry, larger 2nd 3rd

I set up a sequence of 2-4 buy stop OTO conditional orders ahead of time. For example if it's at $21.8 premkt I might have 3 orders, with buy-stops at 22.2 22.6 23.1

Great question, I've tested for many many years. The challenge is that it's a combination of two processes; the first and most important is market direction and volatility, as the environment within which the trade is made. That's why simple chart patterns don't work as consistently as we would...

Exactly. Position sizing strategy needs to be determined ahead of time for each unique trade and it's extremely different from trade to trade.

Interesting point, I understand. What I do is trade the same instrument several times in a day. Not so much like es traders would scalp, but closer to that then say putting on a single large position of a thousand shares. The purpose of that, of breaking your trade into several pieces, is to...

The tough part about trading selloffs is how fast they drop. Makes it harder to swing trade with position sizing. But huge runs, like TVIX 56 to 940, so it can be worthwhile.

I'm long DUST : )