1. Test constantly to find out what produces best profits.
2. Understand/trade market volatility and ranges.
3. Avoid inside prior day ranges.
4. Trade frequently, with tiny stops.
5. Develop and follow rules.
Trailing stops tight here on inverses, uvxy, went mostly Cash eod today.
Will resume bear thesis trades on 2d high breakouts.
I'm expecting a dcb tomorrow, going into midweek, then end of week selling. Helps to have a market-driven trade plan.
Just SOLD most UVXY aftermarket to book nice profit. This concluded phase 1 swingtrading UVXY 11.7 to 19 area.
Will reenter over 20. Lesson learned the hard way, finally following my rules to sell this into strength. I'll sleep better tonight :D
What's your style?
I play tight af, eg .06-.25 for daytrades, 2 points for swings.
Example daytrading, I buy 23.6, it just goes to 23.8 and drops. I take sl 23.5, rebuy 23.6, sell 24.3
There's an old saying, "companies that have unions, usually deserve them"
Overall, unions are terrible and maintain low performing employees.
https://www.foxnews.com/opinion/why-unions-are-harmful-to-workers
I'll start buying btc a bit once it's back under 25k in a couple weeks, if it's a strong enough pivot.
If I were long btc I'd start selling 32-34k range (not a recommendation) : o