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Shorting is more risky so more risk control is warranted. Better yet only short during day trading. Overnight risk is too high in the current volatile market. I shorted QQQ today only for day trading. No brainer.

Today is a big shorting day.

Market goes down at a speed of 3x that of going up. Downtrend usually is more dramatic but it also warrants more sharp bounces.

Most time you can’t short UVXY. My broker usually doesn’t have UVXY shares to lend out.

I agree shorting is more difficult than long due to various reasons discussed here. My current rule is only short on a big obvious downtrend but I am still tempted to short more than I should. Lol guess I have an inner tendency for shorting. Today l first long TSLA after 2:30pm EST. After...

I found that looking at QQQ and SQQQ at the same time helps a lot. If both are obvious there’s a very high probability of being the right trend. For example, QQQ shows an obvious uptrend and SQQQ shows an obvious down trend.

That’s my problem too. I can often see the big trend but staying in is very hard due to noise and natural market zigzag movements. I use scalping on the trend method, i.e., buy dip sell high on an uptrend.

I only short during day trading, never overnight.

Likewise, a long can gap down too. Admittedly, shorting inherently bears more risk so you have to be very careful.

You can always long the inverse ETFs (e.g., SQQQ) and UVXY on a down trend day if you prefer to long only. There’s really no difference between long and short. It’s the mindset.

Will try next time. Of course it’s never 100%.

SVXY (opposite of UVXY). :p

No. But usually in the last half hour I can tell where the market is going.

The problem and reality of any written trading strategy is if it really works everyone would know and adopt it in no time. The downfall comes quickly to render it useless again. There is actually a good logic in this phenomenon. Just think about it and you’ll understand. That’s how the market...

Be flexible in bull or bear market, especially for short term trading.

Yes, I was asking Ken.

Do you still hold UVXY?

As a day trader no need to worry about market going up or down. The only bad thing is market going sideways.

Day trading on 5-min chart.

I used to look at candles but not any more. Now I only look at 5-min line chart trying to pick the big trend.