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Good point, mean reversion setups are very frequently found in current markets, one of my favorite patterns. Agree with OP points re hazards of cheap stocks. I trade stocks mainly in $15 - $40 range with >1million shares daily volume. I prefer gap charts the best.

The main benefit is to follow price action using time and sales to see a) strength of momentum breakouts and b) when a pivot trade starts to move

Started scaling in premkt 9/24:

I want to make $$$ swing trading this, imho it has "buy me" written all over it if it breaks over $30; similar charts SPXS SDOW TZA/SRTY

thx, missed it, may trade it tomorrow .. truly a wtf chart, wow

nice chart SQQQ volatility/VIX is up, check out UVXY updated open positions 9/23

Yay bears! my current swing trading tiny positions, will scale up size tomorrow if selling continues :D faves = SQQQ TZA SPXS SDOW

Yepdoh! Small 40sh spec earnings trade stopped out on gap down.. that's why I trade small, also did winning SQQQ overnight, bought into close sold into late morning pullback.... I take lots of small shots

Sry offtopic but re handguns I like my sig226 9mm alot more than my glock22 40cal. Like my Remington 12ga pump tactical. Miss my charter arms bulldog 44cal revolver. Re tape reading it's best used at hod lod vs inside ranges--- Big tip there

Here's me many years ago. Now I really feel fcking old sigh

from jesse livermore's 'reminisces of a stock operator' (I think), it's all about the 'patter of the tape' -- pure price action i follow blocks, speed of how fast price moves, ratio of red/green transaction order flow etc

my live room members got this today -- nice breakout

I did the industry's first tape reading seminar at Sheraton Anaheim in 2001. Wrote the first modern article on it for Active Trader magazine I have a popular course on it at www.tradingvideos.com I feel fcking old lol

2:50pm 9/22 Bottomfishing SQQQ here for daytrading though I'll likely get stopped out, sl at 25.6, buy signal is pivot over whole number. Entered @ 26.12, next 26.22 26.44 Selling most SPXS if sl 6.04 hits Mostly cash

ACB especially strong buzz re price action :p

Rangebound open, did you trade it? I traded pivots in TZA SQQQ UVXY Hope we get action later today

Perhaps a combination approach? Code a daily scanner to produce initial watchlist, then use skill to trade it.

Smart approach re pyramid and scaling. Right now is a good example, I'm in inverses from last week SQQQ TZA etc. Goal is to scale in if they keep going up.

Great call, I'm still holding inverse swings TZA SDOW SPXS SQQQ etc, will continue adding to winning swings. Go bears!

Inverses UVXY TZA up nicely, NKLA great gap reversal and one of my www.tradingtheopen.com members spotted epic ROKU breakout.. Go bears!