Because I saw "Dow" in the title of this thread. By the way, it looks to me like the Dow has already begun an attempt to transition from bearish back to bullish.
Bears back finally? Dow futs-200
- Thread starter KCalhoun
- Start date
More likely new all time highs soon.
The late, great Don Worden. Yesterday was the sixth anniversary of his passing, though he had been unable to resume his work for five years prior to his death. I used to read and re-read his old Worden reports when I used telechart as my charting/scanning program.
fwiw here's some of my open positions, to illustrate the hedge strategy test. time = 2pmET
goal is to have profit from long-bias etf TNA outdo stop losses from inverses, or vice versa if they flip, by swingtrading over next few days.
notes:
+ I need to scale in to whichever is most green
+ need to trade fewer inverses, eg 3 max
+ starting capital should be equal long/short bias vs current heavier short
goal is to have profit from long-bias etf TNA outdo stop losses from inverses, or vice versa if they flip, by swingtrading over next few days.
notes:
+ I need to scale in to whichever is most green
+ need to trade fewer inverses, eg 3 max
+ starting capital should be equal long/short bias vs current heavier short
Thanks; excellent point... I'm mostly cash and will focus more on daytrading them until there's a strong breakout vs slow grind. I made good $ feb mar but gave a lot back from fomo lately. Your points really helped lately, you're very smart.
I'll refocus on classic stock daytrading too, eg ones like NVAX today.
If and when a summer crash comes, at least I'm very experienced with inverses re ranges and patterns. Setup of choice is intraday swing, in by 10 out with trailing stops by noon reversal or eod if all day runner.
Ps futs down again now, will be interesting to daytrade pairs tomorrow like TNA/TZA SCO/UCO and TVIX
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Ken:
I may have said this before, but you seem like a good dude. You never take offense to differing opinions and always are cordial and respectful in your responses. We need more people like you on this site -- and in this world. Best wishes.
I may have said this before, but you seem like a good dude. You never take offense to differing opinions and always are cordial and respectful in your responses. We need more people like you on this site -- and in this world. Best wishes.
