Right.... price action is all that matters. I use VIX as a bias indicator to help me decide position sizing, for example.
Like the spin on a golf ball, english on cue ball etc
Good point re it's one of several things to factor in .... the job of multivariate analysis in trading.
Let's discuss using VIX for trade decision-making long/short bias
6/12 key VIX support @24. as long as it stays over that i have a bear bias
given recent drop in s&p I'd expect a higher VIX (32) than what we're seeing
ideas? thx
Excellent post, well written.
Agree re leverage, and not swing trading bear markets.
I like trading inverses UVXY SQQQ TZA and commodities eg KOLD SCO GDX, prefer ETFs to stocks, for swings.. daytrading gaps etc still fine.
I would oppose changes to the current system, because additional regulations, including killing pfof, would lead to higher costs for us retail traders especially re commissions.
From a practical standpoint we all get near instant fills with tight .01-.02 spreads for most-active stocks and ETFs...
proof, my most recent trades today. i did 82 round trips, oops you fkd up. calling me out. ha. PROOF i do really trade
unlike my competitors who are bs fakes that don't even trade, I am genuine. So I stand up for myself and am unintimidated by troll-bitches on ET. I'll cheerfully...
Taxpayer dollars hard at work in left wing California
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https://nypost.com/2022/05/31/la-lifeguards-raked-in-up-to-500k-last-year-watchdog-report/
Look at hotties in bikinis and take in a half million a year...
I trade volatile instruments daily and often do well, like today's SQQQ UVXY wins, and yesterday's KOLD wins. Yes they're risky.
Look at 1 year KOLD chart. Irresistibly good bounce setup imo.