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As opposed to OPP which means other people's um... lol :p

Your point "you always must trade what you see not what you think" is so fucking right, bravo and thanks, sincerely. That's one of the most brilliant things I've heard in my life, totally agree. Words to trade and live by. I'm gonna remember that.

Wtg on cvid plays, thx re VXRT will check it out. MRNA solid

This is a brilliant thread, thx to all for posting,, and OP for bringing it up. It's so important. Really wish I knew all this 20 years ago. You guys are all making great points. Truth is there's no single correct answer, it depends on individual trading styles. Perfect analogy is...

Great, Baron! Tooth pain is excruciating. I got that clove oil tip from my dad. Get well soon.

Great topic, I was covering that in my room today. Win percentage is totally irrelevant, all that matters is net profitability using scaling and tight stops. It's my experience that nobody is consistently making over 50% winning trades, and if anyone claims they make 80% winning trades...

Hi, thx, no they're different articles, lots of work

Flat market so far. Scaled a bit into TNA SPXL FAS long gap breakouts with lod stops set Also set bounce long trades at hod breakouts TZA FAZ in case they run up midday. I trade SDOW too, thx re heads up on UDOW I've never traded that. Will re-enter TVIX in low 180s if it bounces. Moving...

How are you going to trade today? I'm buying long bias ETFs TNA FAS starting premkt if price action goes up in SPY, or inverses TZA FAZ TVIX if bearish selling price action. Will scale intraday. Good trading!

Good points, price action is all that matters. I'm still fighting the common sense reaction of why the fck the market rallies when earnings are crushed, 30 million people just unemployed, deadliest killer pandemic in a century, companies going bankrupt, and economy wrecked. Wtf...

Sure.. see my TASC articles for details... I initiate new trades by buying just $500 or so worth of shares for stocks and ETFs taking out 2day highs. So 20 shares of a $25 stock for example. I scale in by doubling the position once it's gone up $2 or more. I scale out if it loses 2day lows...

Outstanding points, sincere thanks, completely agree. I'm confident the market is going to crash hard and am trying to establish a solid inverse port without big drawdown, I trade these daily. Your earlier point re short swing duration 2-3day max due to decay + chop market is smart...

Great point, smart to look at prior patterns, thx, I'll remember that re Thursday #s. Excited to figure out how to trade tomorrow's 8:30am report...... I'll try that ETF arb strategy, eg buy a little of both TNA/TZA and FAS/FAZ before 830 then scale into whichever runs up right after release...

Just bought this too, just in case https://www.amazon.com/gp/aw/d/B0073H1UQQ/

Interesting big moves up today, anyone trading them? PENN MGM JNUG GDX GOLD etc

I'm down -$645 today, ouch. That's a big red day for me. My overnight small inverse positions gapped against me. I bought inverses yesterday late because they ran up strongly into the close, and I thought the unemployment numbers would be bad, which they were, etc. I admit it, I...

I've often done 20+ trades daily, I set up buy stop orders manually ahead of the open, plus more in-market

CLOVE OIL is a fantastic tooth pain killer, trust me, seriously. Most local pharmacies or drugstores like Walgreens cvs etc have it. It's been a lifesaver. Right re temp filling kit at drugstore too. Great reminder, I just ordered a bottle on Amazon just in case I or family need it

I bought more SDOW TVIX SRTY FAZ SPXS, thousands of dollars after the bell just now. A big booyah THANKS to Cramer for wisely pointing out 2 markets, eg covid positive tech, bio pharma vs other sectors. That explains why SQQQ SOXS are weaker than other inverses, so I'm scaling out of...

Thanks, that's a well thought out post and perfectly reasonable sounding, thanks for clarifying! Very intelligent too. It's a modest well under 6 figure account, for context. The #1 reason I do live trades in front of everyone in my room like today, and post occasional PnL screencaps is...