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Look at 90day charts for VIX and S&P Both are very near mean reversion levels, indicating reversals due soon. Will post charts later. As usual the impending crash will be fast, with cb halts

I'm intentionally holding small size inverses that are slightly in the red for now... so yeah a tiny bag lol (total unrealized loss including both fdly accounts is just -1350 so no biggie)

Right re Q2 earnings are gonna suck eggs plus many permanent job losses that aren't coming back soon. Millions unemployed are going to early withdraw money from retirement accounts, SELLING Stocks to pay living expenses. T/a S&P bounce near upside mean reversion exhaustion here Depression...

True, the market's price action is what we should pay attention to and trade, even when it defies common sense. Totally agree, so day to day I trade whatever looks like it'll go up. Big picture strategically I believe the market is due to keep selling, daily tactically I trade whatever's...

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Good point, that's why I both day and swing trade very small, use position sizing etc. I often do from 15-40 trades a day, it's not like I ever trade large size and ride it down, learned that lesson the hard way years ago :p

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With this market volatility and uncertainty it's important to trade shorter round trips. Getting lulled into complacency is risky, remember how January felt right before the crash.... I'll hedge and trade both sides initially, then scale into whichever wins, I'm not committed either way, I...

I started daytrading with Datek in '99, remember 9.99 commissions and 60-second order fill and fractions, ISLD ecn etc, used it with medved quotetracker, TV ads with truck drivers owning tropical islands, ah the good old days lol

Overall I'm still winning this year (^_^) Recent wins long APA OXY MGM etc Recent stops SQQQ TVIX SOXS etc Congrats bulls on recent wins; I'm still long a few small size positions, trailing tight stops here. Price action is all that matters, that's why I trade small size initially esp...

Makes sense, any way to track that eg excess mortality by state in USA?

Short term this past couple of weeks I've been on the wrong side of things trying to short-term bottomfish inverses like SQQQ SDOW TVIX etc, and have given back some of the profits I made earlier this year. Markets may well trade higher for up to a week or two because of the surprise fed pump...

Sold over half my overnight oil /energy positions premkt to lock in profits on gap up - yay! APA OXY HAL ERX etc

I bought more oil today after bounce APA OXY UCO and will hold if it closes strong Thursday. Will absolutely be buying inverses SDOW SQQQ SOXS etc for weekend hold on anticipation of more bad news

Re overall pandemic I suspect the situation is far worse than who/China/feds are telling us. They don't want to panic the public They don't have any real solution and are flying blind

Literally lol thx.

The naivete of holdout bulls in a bear market during a global pandemic is funny. Bulls = dudes playing kazoo on deck of Titanic saying it won't keep sinking. Price action this last 8 weeks is down. Downtrends do have bounces which amateurs confuse with trend reversals.