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What's interesting this time is the divergence of the four major markets. They usually tend to go up relatively strong together; this time it's like a horse race with relative strength and weakness; difference between the NASDAQ the S&P the Dow and the Russell. Makes for interesting trading...

CPI coming soon 8:30am

news?

(not trading advice nor recommendations, but my opinion is): Looking at your trades the problem is obvious. It's not so much how you're trading, it's WHAT you're trading and your risk reward, it's way off. Trading 60 shares of an expensive over - $50 stock to scalp 50 cents is all wrong...

What matters is Tuesday morning 8:30 cpi https://www.cnbc.com/2021/04/12/market-braces-for-key-inflation-report-tuesday-that-may-test-the-feds-mettle.html

Maybe just maybe if futs stay red overnight the UVXY SQQQ TZA will have a happy day tomorrow

I often learn the hard way "don't predict, react". My solution is to play both sides and hedge for swings.... the bull side of me is long AAPL FCX CAT MGM TLRY etc, the bear has me in UVXY SQQQ.... I'll scale in the trend of whatever goes up. I doubt choppy markets this year, lots of news...

Right re russ see SRTY/TZA. I trade SQQQ when nas drops. Good point R:R getting interesting especially re VIX etns since VIX is like a compressed spring and will certainly go back up sometime. Yes re trailing stops especially critical for UVXY bc sharp moves

Lessons learned trading UVXY: Best for daytrading during selloff days, not good for swings longer than 3 days Don't buy premkt gaps up, don't sell premkt gaps down Buy the dip, sell the rip. Always scale in, and use trailing stops Like VXX TVIX it is often a sleeper, grinding slowly down...

Yeah good point about that, if you look at the 3-year chart for vix you can see it was under 20 for an extended amount of time.

true, it feels like a doomed ship.... but i cant forget buying tvix 52 selling 940... best $/share win in my life. i miss tvix like an ex girlfriend; i trade too much lol :p if it were a stock chart i'd skip it, but its volatility and therefore will go up someday... vix wont stay sub 20...

With the VIX under 20, I'm going to try yet again to bottomfish a UVXY reversal. I often get stopped out, but I'll try yet again, because the upside is good. thesis: + volatility always cycles up and down, so buy low, sell high makes sense + at $4.85/share, I think risk:reward is favorable...

fyi

Thx re lithium tip I like copper FCX, steel X CLF Lately gold GDX and silver SLV up

Mine: chess, angry birds, harry potter puzzles, etc

Good point; if they drop I always scale out at 2d lows, in at 2d highs. Just entered v small size to start. wish id bought them a year ago

one of my traders told me about FNGU, great chart. i bought it, SOXL DIS AAPL MGM DRI YUM CAT today (+GRWG SNDL HEXO). I'm buying long into the rally. markets must therefore crash soon lol

Great thoughts, guys. I scaled down as it dropped, will scale in when it goes up. It's at a 52week low, though right re it can keep dropping. Or quickly spike. I scale in at 2day highs and out at 2day lows.