After making solid profits trading inverse ETFs during feb/march, I stubbornly kept trading them apr/may, giving back much of my profit trying to bottomfish; I was a skeptic of the bounce.
But price action is all that matters. So I'm starting fresh, using my ETF arb strategy I published last year. It involves starting both long- and short-bias positions with roughly same amount of capital, then scaling over time (a week or two) into winners and out of losers. Starting tiny size at first.
I need to reduce the number of inverses to 2-3; for now:
Long bias = SPXL TNA
Short bias = FAZ LABD SDOW SOXS SPXS SQQQ SRTY TVIX TZA
Goal initially is 'stable breakeven' such that losses in one set are closely offset by profits in other set. The challenge, which I'd appreciate your ideas on, is how to scale profitably, taking into account morning gaps, for 1-2 week swingtrading. Goal is to scale into 10-15k capital in winning set to book 3k+ profit.
as of 6:37amET 6/3 long bias are gapping up
Any suggestions for improving or refining the strategy test? (other than reducing # of etfs)
Current positions:
thx!
But price action is all that matters. So I'm starting fresh, using my ETF arb strategy I published last year. It involves starting both long- and short-bias positions with roughly same amount of capital, then scaling over time (a week or two) into winners and out of losers. Starting tiny size at first.
I need to reduce the number of inverses to 2-3; for now:
Long bias = SPXL TNA
Short bias = FAZ LABD SDOW SOXS SPXS SQQQ SRTY TVIX TZA
Goal initially is 'stable breakeven' such that losses in one set are closely offset by profits in other set. The challenge, which I'd appreciate your ideas on, is how to scale profitably, taking into account morning gaps, for 1-2 week swingtrading. Goal is to scale into 10-15k capital in winning set to book 3k+ profit.
as of 6:37amET 6/3 long bias are gapping up
Any suggestions for improving or refining the strategy test? (other than reducing # of etfs)
Current positions:
thx!
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