Excellent questions
- fading semis on tsm gap down, if soxs goes up
- exit targets based on 2-3 week ranges
- right re 2d hod/lod ranges for swing entries
- uvxy bc vix overdone, high expectancy of vix up soon, >22
- thesis rationale for bear bias this time combination of hot cpi, today mkt...
tru re chop day so far..
my swing trading plan (not a recommendation):
UVXY long > 5.05 initial sl 4.7 scale in 5.3 target 8
SOXS long > 20.2 initial sl 18.8 scale in 21.2 target 26
These may be good day and swing trades if selling continues.
Light now, will scale especially UVXY if it spikes today.
Tip: when UVXY is in top 10 most actives, as it has been lately, it's often a good buy.
Many weeks, bot kold in my account at 21, forgot about it. ... logged into ib to get tax forms and pleasant surprise, it's 63 so I sold there.. quite a few weeks... wish I'd scaled up during the run. Not skill, that was luck
Here's an idea .... give some thought to what you want to do more of versus less of in your trading ....
For example I'm going to do a lot less scalping this year and more intraday trades that are "buy the open, sell the close" style.
Got any ideas?
I never add to losing trades, that's dumb af..
"Feed your winners, starve your losers."
For swing trades, i scale in when positions close strong, at 2day highs. I scale out at 2day lows