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Let's discuss inverses here. Anyone else daytrading or swing trading them lately? Post your thoughts, questions, tips and lessons learned. My current swing positions are long SQQQ UVXY TVIX VXX SOXS. If markets keep dropping, these go up. Today 3/5 they're all gapping up nicely. Other...

Hi - sure, i was down 521 today; i had an up 2k day last week; P&L proof: (I have no 'unfair advantage'; most experienced day traders use multi-monitor setups, fwiw) Good point re smaller wins; that's my biggest area for improvement as a trader is I'm So risk averse I never got comfortable...

No, I am a publisher of educational information, not a investment advisor. Like an author, which I am, there is no performance claims being made (ref. SEC 'publishers exemption'). I'm honest, unlike educators who make noncompliant winning performance % claims etc. btw I completely agree with...

I do not make any performance nor profitability claims of any kind, per compliance regs. The reason I've been trusted by thousands of active traders since 1999 is because I teach actual lessons learned from real money trades I've done. Here's what some of my seminar attendees have said...

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Good question, it's about how much is provided for free, to earn trust, vs more comprehensive in depth training & more alerts etc traders pay for. Like free samples at Costco, or shareware vs full version software :p For example, over 5k traders have registered for my free Saturday webinars...

Great topic, in daytrading since "99 I've found that best daytrading stocks & ETFs: + are ones like AMD TWTR JD NUGT UVXY etc in the $20 - $60 range + have minimum 1-3 point atrs/ranges + have at least 15k/minute volume + best pattern is small gaps up that continue Small cap low float < $10...

longtime hold 'em player; lots of lessons learned vs trading (2+2 forum is great): + i like Negreanu's small ball strategy, see flops cheap => trade small initial size + put players on ranges => trade wide-range atr stocks + table position/late to act best => pay more attn to premkt futs...

Ive been buying chunky soup rice ramen etc on Amazon.. they're running low.... arb opp to buy n flip stuff into this panic lol

Agree w Robert re focus, and btw great post you're exactly on target. 99% of educators are bsers who have zero proof of recent winning trades. People who try and sound like experts re chart patterns without real money recent P&L proof of winning live trades are a scourge on the industry and...

Sure, mostly I use prior day OHLC based entries, since algos/hft does. Main buy signal is long above small gaps over prior day highs. Main thing is trade a lot of small trades with tight stops, throw a lot of darts. Took me 20 fxcking years to learn that the hard way sigh. Example I...

btw i trade daily, i'm not a bs chart-talking only educator; #winning today's trades: P&L

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Trading is All about risk mgmt, scaling and price action. Charts are much less important than you'd expect. Problem is most educators are non-trading bullshitters who don't trade, so there's no experience in genuine risk management being taught. Hence all they know is TA, which is...

Great question, I'm wrong way more often than right %wise, like anyone else. My most profitable weeks like last week's 5k are because I use small stops and position sizing. #1 lesson learned in 21 years is "the math is a LOT more important than chart patterns". Eg if I take 6 stops costing...

Today = ridiculous... but price action is all that matters.... glad inverses like SQQQ got cheaper, will buy on way up when mkt sells off again soon

I sold sqqq on the way down, bought back a little here aftrhours fwiw... expected a mkt bounce today , maybe up more tomorrow, will be interesting to see if selling continues wed-fri... down $300ish today on stops... also just bought 50 UWT, bounce in crude a bit

Well done! I learned the hard way don't hold VIX etns for long , eg buy dip, sell the rip on pullbacks VXX UVXY TVIX

Death of the dead cat bounce? Hope so, took sm stops sqqq tvix partial exits Since big green day I'm not adding to inverses, letting small shares ride overnight, eg 10shares tvix 50 vxx etc

Death o the dead cat bounce already? Mkts dropping a bit, time will tell.... I make swing decisions re hold or not based on close, eg I add if closes nr 2day hi, scale out if closes nr 2day low This market reminds me of nightclub hotties, curvy & unpredictable lol missing my playa days