https://www.investopedia.com/terms/o/outside-days.asp#:~:text=The%20term%20is%20commonly%20used,day%20is%20an%20inside%20day.
It's a good topic..... I have found that focusing on trading when the S&P is above the previous day's high or below the previous day's low is much better then trading...
Time of day I entered each trade vs p&l
Pattern used
Price of stocks you trade successfully vs suck at; eg I do best with those priced $15-30/share
In vs out s&p at trade entry time
In-trend breakout vs pivot pattern
Size of stops vs wins
and more; those are very important but not obvious...
My control for a string of losses is to progressively decrease trade size. Example 100sh loss 100sh loss 70sh loss 50sh loss, decreasing til making wins,, then scale back up
It is stupid to have a string of equal size losses imo
Like HTZ earlier it seems suspiciously overpriced, going from 60 to double for no good reason. It all appears hincky/fishy... I am not going to trade it because I don't understand it. I fully believe it'll eventually get back to 20, but because price is so unpredictable it could go way up...
100% agree .... as I said early in the thread I was too chicken to short my 794 short call. And now it's 600. Doh!
Just like in my chatroom, it's popular because I post lots of winning realtime alerts, yet I don't trade them all. I'm better at teaching than doing it all, and it's...
Look at 1year TZA chart.... recent 1year high volume green/buying volume day earlier this week. To me that was a bearish signal for the market, so I bought it and other inverses.
I'm looking forward to the volatility..... if inverses keep going up there's lots of upside, today I traded SOXS TZA etc and taught my traders how in my chatroom :D
Legendary crash imminent? #gobears
Dow futures -200 #gobears I'm def buying inverses premkt if futs still red tomorrow morning. Holding a few k inverses overnight.... let's get the party started :D
SQQQ is my btch lol
Tomorrow will probably be choppy AF; I expect markets will be volatile after Friday's jobs report in the pre-market.
My plan is to slowly scale into inverses Thursday if they keep going up; especially SOXS SQQQ UVXY. I bought them pre-market this morning gap reversals to the upside. My main...