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+1 TVIX I trade daily, SQQQ my other favorite inverse ... my biggest fomo is not letting swing trades in both run profitably for a long time, i take profits early in both w/trailing tight stops --- goal is to scale up size to 1k+ shares in both for longer-term swings if market loses 200sma and...

i won my first vegas hold 'em tournament 6 years ago; i prepped years earlier by doubling a pokerstars sim account (1 to 2M i think, over many months multi-tabling) biggest help in trading is Negreaneu's "small ball" strategy (see many flops at low cost), eg position sizing, play many w/low...

well said; great points! true re "dollar volatility adjusted sizing" is a pita, eg X# shares TQQQ means Y# shares SQQQ since priced differently. key is to focus on strongest trending pair of the morning; eg 2day highs; eg it's 10am and SQQQ is up above prior day high, so TQQQ under pd low...

good points, makes sense to test ... for intraday I'm testing the idea of 3 decisions/actions each day 1) morning orb, 9:30-10 2) check both midday & tighten stops/scale in as needed 3) end-of-day 3:30-4pm exit w/trailing stops correct use of trailing stops & position size add/sub once is the...

fwiw here's some notes

I day trade ETF arb pairs like SQQQ/TQQQ, TVIX/SVXY, NUGT/DUST, UWT/DWT, LABD/LABU. See my recent TASC articles. Need to adjust share size based on trading ranges. biggest challenge is figuring out how to scale in/use trailing stops for variety of types of trading days, eg strong trend vs...

related, "Robin Hood Tax" story today in cnbc on taxing stock trades, let's hope this doesn't pass. Not sure if it's taxes on banking only, or if would impact us traders as well, haven't seen details. http://www.cnbc.com/id/45580928

That's a real loss, he was one of my favorite 3 cnbc commentators, always seemed like a nice guy, sharp wit, interesting to watch. He was one of the few really good people in the industry, I'll miss seeing him.

one thing I'm doing now is getting those visa one time use disposable "gift" cards, that are premade amounts.... tip: I got mine at a local bank, because the card itself works like a visa, say give the bank $100 cash (+3.50 card fee) and now you've got a $100 card that works like and is a...

there's a lot to be said for trading a few stocks more aggressively that you know very well; eg I trade MGM X AIG RIG (and ETFs like FAS/FAZ) and a few others that I know the intraday moves of... of course I trade dozens of others, too.. but knowing a couple of stocks inside-out, the trading...

good point, personally I'm trading FAZ/TZA/SMN/SRS/SDS heavily this last week, and will continue to do so .... personally I don't like holding short stock positions overnight, but I'm fine with going long the short etfs for swing trades, that's how I'll keep trading if the market keeps...

so far I don't see any of the short etfs I traded yesterday in the list (whew!) like FAZ/TZA/SDS etc... I don't like the idea of trades being arbitrarily busted using some arbitrary 60% rule just because they were volatile.... yesterday was great for trading

Hi - Quick question, I like using a position sizing strategy (start everything off w/<1% of account equity for day/swing trades), then scaling up once positions are in the money, with a trailing stop over breakeven to lock in a gain. I've found that position sizing works great in trending...

prevx is great http://www.pcmag.com/article2/0,2817,2346861,00.asp

started with Datek (remember them?) back in late 90s, then moved to cyber, now with IB TWS... it's so much easier to trade now than then... much tighter spreads and instant (vs 60-second) executions, bigger monitors, better charts and more. -k

video posted yesterday: http://www.cnbc.com/id/15840232?video=1372185738&play=1 "Debating whether a financial transactions tax will help boost the economy or not, with Mark Walsh, "Left Jab" co-host and Chris Edwards Director of Tax Policy Studies Cato Institute. " They talk about...

right; interesting article here: http://www.marketwatch.com/story/us-stock-investors-flock-to-big-health-insurers-2009-12-21?tool=1&dist=bigcharts&symb=HUM&sid=2451 but most charts listed there are down so far, will keep an eye on others listed in the article... wondering who else besides...

any ideas on what stocks (eg insurers, others) would be most volatile as a result of the health bill passing last night?

Maybe since they just passed this huge overhaul of the financial industry that'll keep them focused on actions needed to implement that vs trying to pass a new tax... keeping fingers crossed! "The 1,300-page "Wall Street Reform and Consumer Protection Act" http://www.cnbc.com/id/34382666...

lol