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I am long inverses from last week.... crushed UVXY TZA hey dest

Toldya so ... #gobears trading UVXY TZA

Increasing range/ATR most important is sequence of small gaps up.... eg 2-3 in a 7day timeframe

+1 re inverses here, I bought SARK recently, plus UVXY TZA. Wednesday Powell will set the tone. My play is to put heavy size buy stop orders in place .5 above current highs right before 2pm to arb/hedge using UVXY vs SVXY, and GDX vs DUST etc. Goal is to have bull and bear trades set up...

Right.... for example in outliers scenario of major adverse gap, taking an immediate stop is the often the worst thing to do. Often they bounce or fill gap within a few days. Arbitrary stops are vital for daytrading but usually terrible for swings or long term trades. You have to also...

I look at failure to take out new highs a sign that selling may be next... compare 1month IWM vs TZA/SRTY

You might want to test my simple swing trading strategy rule, it's produced my biggest wins. I simply look for uptrending stocks, like F, and scale in at 2day highs, scale out at 2day lows. I usually start with small starter positions of just 100 shares, then either martingale or add...

Great question.... I mostly trade ETFs, and use 2day highs/lows and trend strength to decide. Example I bought KOLD several weeks ago during it's breakout and sold 13.1. I'm rebuying if it continues up. I'm in TZA because of its uptrend. I often do the same with gold, eg GDX vs DUST, etc...

Good observation.... I'm short small caps by being long the inverse TZA here. Typically small cap and finance sector weakness is a lead indicator for market sell pressure.

saturday night and we geek on markets vs dancing with hotties at nightclubs. sigh. #gettingoldsucks lol

here's uvxy.. i sold near recent high in low 20s, started rebuying small 200sh aftermkt @15 friday.. buy the dip, sell the rip

A bit earlier.... I made $ selling into the recent spike. Rebought UVXY Friday aftermarket near 15.. I trade UVXY often, when it rips it's great.

Good points from you both. I wasn't bearish much til recently, eg with the pandemic starting 2 years ago. Now with millions dead worldwide and no end in sight....plus record unemployment, inflation, high taxes, left wing govt.....very hard to understand markets at ath. Unbelievable. Textbook...

True, price action is all that matters. But the market feels like the dotcom bubble up here. Or a scene from the Matrix.

Right. .... that's why I'm having such a hard time following bullish sentiment..... sky high valuations plus inflation, taxes, pandemic, china, pending rate hikes .... wtf is propping up this market once fed leaves. I still expect an epic crash. But should've been long TQQQ during rally...

Well worth reading Bloomberg article https://finance.yahoo.com/news/massive-u-debts-could-trap-150000058.html

Exactly. Reality is what this post describes. Rules are helpful, but gaps, news headlines etc throw things off constantly. It's a big multivariate system. I found the most Valuable rules are all about stops and trade management, position sizing. Eg for swings I scale in at 2day highs and...

Yes, you're right.... in general it's best to be cash into weekends, or at least to not initiate new trades Friday. Since news can break either way. In this situation, I started small new trades, because I think risk/reward especially for UVXY is favorable here. I just bought 200 UVXY, and...

Right, so I'm long inverses, shorting the market.... between today's cpi and next Wednesday Powell I expect some selling pressure to return by next Friday, like we had a couple weeks ago. TZA FAZ relatively strong among inverses, small cap and finance weakness is bearish lead indicator...

I just rebought UVXY TZA SQQQ SCO KOLD aftermarket, I'd scaled down during recent drop. I add at 2day highs, scale out at 2day lows. Many inverses like UVXY I buy low sell high like I did when UVXY was 24 recently. I think 15ish here may be a good re-entry price.