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No matter how bullish I was I wouldn't hold a 5x QQQ long term since the decay from the daily rebalancing will likely be higher than the gains meaning even if the underlying QQQ goes up the leveraged product will likely lose value over periods more than a few weeks. The 3x TQQQ on the other hand...

I posted https://www.elitetrader.com/et/threads/price-action-with-python.336412/#post-4937493 a while back. You might find it helpful. My system is built mostly in Python and has adhered pretty closely to what's in that post for years and it still works. Check this out too...

For all you Cathie Madoff, um Wood haters out there who've never heard of puts your time has come to short that ponzi to the ground with freshly minted SARK, the inverse ARKK ETF from Tuttle Capital. Available on fine brokerage platforms everywhere.

@KCalhoun , you must be foreseeing a real market dump if you're looking to go big on puts. If that dump happens you've come to the right place so here's my perspective. From what I gather, you day trade index, sector, bull, bear, and volatility leveraged ETFs with a directional bias where you...

With a marketing department this powerful, I will look back in ten years regretting not YOLOing my whole stack on INTC.

A real trader will make a market on anything

I go for the synthetic if liquidity is better, spread is tighter, more favorable premium due to difference in IV, etc. Just compare the numbers before making your trade; it's pretty straightforward when you should and shouldn't use the synthetic version.

I trade crypto algorithmically with a bot I built that has very similar functionality. When it sees the pattern I'm looking for it sets multiple buys at different technical levels then when filled sets sells the same way in the other direction starting with a smaller fraction of whatever the buy...

To ease the psychological pain, I take comfort in reminding myself I can always get back in later, be it 5 minutes or 5 weeks from now. I can always get back in. Strategically speaking, if the thesis is invalidated, get out. When things turn around in your favor with a new thesis, get back in...

In RPG terms, UVXY is a glass cannon.

I mostly trade options but I've been riding this Nasdaq run-up with 3 micro contracts testing the futures waters. So far so good. If it keeps going maybe I'll add another one for good measure.

SARK would track inverse performance of ARKK through swaps After surging 150% in 2020, ARKK is down over 3% this year Those who think Cathie Wood’s hot hand is cooling may soon be able to express that view via an exchange-traded fund. The Short ARKK ETF would seek to track the inverse...

A legend

Few things of note: 1. This is a Q1 report. Positions might have been closed out by now. 2. Strike prices of all these options positions are unknown. 3. Premiums paid are unknown. Realistically, if he made these trades OTC versus his prime broker, only the prime broker (ie, an investment bank)...

Factor based investing seems to have some predictive power. Size factor where smaller market cap stocks tend to outperform, also momentum, i.e. stocks that have appreciated most over the last 12 months tend to higher returns over their cohort that has risen the least, so on for other factors...

I usually trade on the hourly-plus time frames but when I get antsy, I take it down to the 5 minute for some rapid fire action until I get over it.

Yet all the hypocrites on SNL are also rich as fuck.

Linux here. Sierra Chart works great in Wine.

Overemphasizing the effect of taxes on a trade. I've missed some good trades and made some less than stellar ones, including the single worst of my career, second guessing myself over taxes. Now I just do the best I can and let my CPA worry over the details.