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Original thread https://www.elitetrader.com/et/threads/coronavirus-debate-why-are-americans-dumb-as-fck.346473/ Ok are dumbass cv deniers still saying it's no big deal and masks are unnecessary etc? Speak out. And btw the market will crash finally. Not to say I told you so, but headlines...

True, one of my best winners today was daytrading crude inverse SCO

Good job, agree re intraday vs swing best. Up today, I trail stopped out of most inverses midday to lock profits. SCO short crude one of the best. Even did a single winning momo HTZ daytrade in 2.08 out 2.34 thrilling lol. Thx hafez for nudge re intraday, makes sense vs swings. Fwiw I...

Good point, true.... last time bear trap pivot off 3K support, this time we'll see if it finally stays under 3k if it goes down there. In the meantime I'm doing more daytrading, trailing close stops

Ok so what do you think about today's huge selloff? I say long overdue.... the key support is 3k S&P, also following the VIX. I've been struggling trying to bottomfish inverses for weeks now, perhaps they will continue up. Any thoughts re how you're planning to trade upcoming volatility...

Agree, my top play is gap continuations like UVXY SDOW TZA winners today

so far so good, using tight trailing stops midday

No, I react vs predict. I saw that the market did a recent pullback a week ago so that weakness told me more selling ahead, which I'm profitably trading today so far SDOW TVIX FAZ etc Let's keep it friendly ok vs neg crack like that anticipation bit ok? I'm putting a lot of work into...

Ive found these are best for daytrading or at most a week long swings, using trailing stops. Also learned that buying premkt gaps up is almost always bad, unless gap continuations are strong, so I'm unlikely to buy much premkt today. Trading SDOW UVXY TZA etc

Great questions. Re overnight holds that's how I made $9k during February March selloff.... but lost much of it during recent rally. My thesis is this rally is going to stall and drop soon, so I've been in and out of tiny inverses to bottomfish. All overnight inverses were slightly in the...

On that chart the bear cup looks like inverted U, the pivot was my entry as it bounced off support at bottom of cup. Not flat eod today, still holding small size inverses though will sell soon. Good point re education and trading at same time, I take time for market commentary and answering...

I simply can't make sense of why so many Americans, including those in the white house, are dumb AF when it comes to cv. Caution is critical

I've been wrong during the run up but I'm still confident the market will crash hard sometime in the near future, this fed-propped market is not going to keep running up forever. But I'm daytrading long breakouts in the meantime:p

I like Cramer's covid index idea

I'm mostly daytrading now, because overnight gaps can go either way. Great volatility, look at INO PENN today Bear food: https://www.cnbc.com/2020/06/23/theres-a-wave-of-selling-estimated-to-be-in-the-billions-thats-about-to-hit-the-stock-market.html Now that I'm mostly cash and exhausted...

Tighter stops and re-entries along with position sizing. Staying focused on price action relative to open range breakouts and gaps.

FFHL I bought 6.74 pivot sold 9,08 pivot off bear cup support 6.5

Good to hear re setups. Right re FFHL, I reset entry after initial price drop for pivot entry. I do that daily, setting triggers initially way up slightly above premkt highs, then reset them much tighter after I see opening price action 9:30 - 9:40 TNA UCO both small gaps up, hedged with...

6//23 8:20am

I sold remaining shares this morning after seeing the news. Sad to see TVIX go, will be trading UVXY instead.