I was trading SOXL on the way up, and am long a handful of swing trading positions.
I trade Both long and short bias... I'm a trader :D
I often pair trade for daytrades, eg recently BOIL/KOLD. I trade whichever one is going up, then when it drops I put on a trade in the opposite one, as it...
lol.. its all just about price action.. it just lost the 100 again, v bearish, volatility is good, ive tried a couple small size bounces but took sm stops; will try again >100, eg 100.6, 101.4 (it's 8:06am as i type this)
I'm still holding UVXY SQQQ long. Will likely add today :D
O ye of little faith lol. Watch and learn, grasshoppers....
https://www.cnbc.com/quotes/UVXY
https://www.cnbc.com/quotes/SQQQ
#gobears
Main reason for a fade is s&p is still in a downtrend. Right dest re fading eoweek high usually not good idea.... but mkt seems rich in a downtrend. And exactly overnight re inverse good price, just bot light 1k uvxy. Risk on downgap just a few hundred. Numbers add up.
Rem usually inverse...
No, I never average down on losses, I do the opposite and get out Very quickly at the first sign of trouble.
For daytrading I use .02-.2 stops, for swingtrading I use 2-day lows