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Thanks! I'm going to test half-position stops vs scale-ins. I'm long both bullish SPXL TNA and bearish SPXS TZA etc, roughly equal capital. Goal is to add to winners and take small stops on losers, using 2day high and lows

The big challenge is how to scale into and out of opposite bias ETFs to turn potentially breakeven into profitable. Example pairs = TNA/TZA FAS/FAZ SVXY/VXX SPXS/SPXL

For those who scale into and out of swingtrades, what's your favorite strategy? Martingale = 100, 100, 200, 400 Vs Incremental = 100, 100, 100, 100 I'm asking because I'm testing my ETF hedge strategy, I'm long bullish SPXL/TNA plus bearish SQQQ/SPXS etc, goal is to scale into winners...

I'd covered CCL LK SAVE UAL plus inverses in my chatroom today, good volatility China trade war likely why semis down, biotech also weak so I bought SOXS LABD

Trading TVIX SQQQ SDOW SOXS, etc today-- go bears!

Good point; it depends on the audience a) I love teaching, I came from Fortune 500 corporate training background: http://daytradinguniversity.com/clients.htm b) I focus on smart experienced traders; many of my longtime customers are age 40+ and are pilots, engineers, healthcare professionals...

Finally broke 3000 and am surprised not more 3day bear pullbacks during recent run. I still think that a major selloff is possible soon. If so it'll likely be hard with cb halts etc But in the meantime I trade what I see like TNA PENN CGC etc in addition to inverses which have been terrible...

And it's still a thrill 21 years later. It's an ongoing puzzle to solve with fresh answers daily. Unlimited upside and downside.

Good point, though SQQQ LABD bounced. Many days posting gains recently have had similar gap up then sideways moves. Not sure what to make of that.

What's interesting is the gap up led to a choppy flat day followed by selling eod Both the gap and in-market price action are important. Notably we did not close over 3000, though 2991 is close.

Grant, any relation ? There is a resemblance lol And as I've stated before, my room has been popular since 2000 because of the focus on training; I make no profitability nor performance claims per compliance regs

Wrong.... nowhere do I claim to be a master, and my live room is called Trading the Open, popular with smart traders since 2000. The testimonials from traders speak for themselves... because I work hard to help people. I'm a UCLA grad, real trader and I teach pattern daytrading to thousands.

Great idea, shorter is better..... cut more yesterday, shortest ever, much more comfortable ..

Thousands follow and trust me for good reason. Take your troll post and truly #gfy lol

Newly updated! I show up at 8:45am Monday - Friday for premkt planning in addition to morning market coverage. Daily watchlist, chart reviews and more. Starting a fresh thread for Q&A here to answer questions. Thanks to all for your interest, it's great working with many traders every...

Excellent points. Most used is 200SMA, eg S&P 3000. Main reason to follow it is solely to be aware of what other traders are looking at. Remember as with all squiggly lines they're not useful in isolation, price action, volume and ranges/volatility generate actionable signals. The better...

Unfuckingbelievable. Seriously wtf Is this true???

First time I ever did it myself, here's how it looks.... took 10 minutes using this I just bought on Amazon https://www.amazon.com/gp/aw/d/B07WFKCKDZ

Re trading strategies one important consideration is the strength or lack thereof of the S&P and adjust accordingly. Lately small choppy low VIX sessions and whipsaw days make it tough to scale consistently.

One of my favorite songs ever, great sax solo! Replay video