Search results

Did they ever reverse split SPXS yet? Yeah TASC is great.... biggest lesson learned in inverses is that they often mean revert, so I don't buy minor gaps up premkt unless they trend up past 8:30.... very counterintuitive, took months to learn that. Futs down a bit now Sunday 9pm we'll see...

Lol... I'm selectively bullish dem/biden sectors like cannabis solar ev. Ive been too focused on inverses bc payoff potential is so big, eg I bought TVIX 56 sold 940. Still have a hard time believing ath rally during pandemic unemployment earnings misses etc. Good point re stops, I always...

I'm long cannabis stocks, plus recent breakout plays riot fcel mara etc... but also long inverses in case we get a selloff. A good question to ask is, how will you trade a drop if it happens this month, or in February?

My biggest challenge will be scaling into inverses correctly without selling too soon, and overtrading for tiny vs bigger profits. Best fix I can find is trading multiple inverses in several accounts and staggering trailing stops. Favorites are UVXY SDOW TZA and SQQQ. Also trading FAZ LABD...

Right re TSLA etc, if it and other large caps have 3 or more red days in a row that would be a potential sell signal along with a VIX spike >30

Hi - I never offer advice nor recommendations either, as I am a publisher not a registered investment advisor. I am currently long several inverse ETFs and etns including UVXY SQQQ TZA SDOW FAZ small size as I posted yesterday. https://www.elitetrader.com/et/posts/5292664/ I will scale...

I think the froth ends soon and a major correction will occur within 2-3 weeks. This is only the second time I've made a top call ... the first time I was right, last year a couple of weeks before the February/March crash. I may be wrong, but I fully expect a major drop under 3550 by late...

Interesting.... I too use DB DT often..... I found best long entry setups are when 2nd bottom in W is slightly higher than first, ascending DB pattern.

I scaled down inverses, in cannabis stocks and riot mara etc. Hedged both directions, should be an interesting week ahead. TQQQ TSLA tempting. current positions, all small; will add to those doing 2dhigh breakouts, scale out of 2dlow drops. in the red a bit

scaling in UVXY SQQQ SDOW TZA if 2d hi l8er nice pullback...?

What I have a problem with is all the phonies who sell courses but aren't real traders. Or the bs income claims. And frontrunning. And bs YouTube videos claiming $100,000 winning days. Etc

Totally agree, they're likely better for daytrading vs swingtrading.

1/8 Today's Watchlist: RIOT PLUG MARA FCEL DDD FTFT

Or leverage your knowledge and experience by doing ALL the above for multiple streams of income. You see WSOP poker champions selling books and courses too. And being paid commentators. It's smart.

Bottom line is that it's like a huge commission on both sides of all trades: wins, scratch and stops -- rendering daytrading impossible. IF FTT PASSES, WE ARE TRULY FUCKED https://www.cnbc.com/2020/02/19/financial-transaction-tax-could-hit-average-americans.html...

Bought lots of cannabis stocks :D

Good points, I'm down in SQQQ, using 14.9 as sl, will buy bounce > 15.15

thx, rebought 10.55 today using 10.3 sl though not optimistic

I'm buying more TLRY ACB

1/7 Today's Watchlist: RIOT ACB PLUG MARA FCEL SWBI