Big fat losing day : o (update, followed by bigger win, yay)

[TrailerParkTed]

They have a good mobile app and this is my office where I do most of my trading these days so I need it

View attachment 283365

I like their app too, it’s probably the fastest with market orders and we probably don’t care about limits on tight spread ETFs unless its After Hours.

Limit orders and changing their prices on fast moving stocks and options needs improvement. The biggest issue is the inability to cancel a market order on a Halt.

Great phone, what model do you recommend?

 

[easymon1]

They have a good mobile app and this is my office where I do most of my trading these days so I need it

View attachment 283365

That's some serious leaf out for late April. Nice work.

and location.

 

[TrailerParkTed]

Ken, what direction you think we are heading today? After trading twenty plus years do you change your view quicker or allow your thesis to unfold in a multi day frame?

 

[Scataphagos]

Re why I don't make income or profitability claims -- read these recent enforcement actions carefully:

https://www.ftc.gov/legal-library/b...s?search=Trading&sort_by=search_api_relevance

Back when I was an RIA, the "disclosing performance" guidelines were basically...

1. If you claim anything about performance, you have to tell everything. That means you can't publically claim the results of a good year without also disclosing ALL of your track record since when you first began business... auditable, of course.

2. Don't claim anything you can't prove... that means surviving an audit

That's why you don't see money managers posting "performance" numbers.

(I once got an FINRA audit because somebody else (local business journal) included the returns in my mutual fund timing service in a story... Two auditors showed up without notice and said, "We're here to audit your records". I asked, "Is this because of the story in the business journal"?... They said, "We're aware of it".)

 

[murray t turtle]

These vix note based instruments are really problematic , why bother ? Why not just trade ...... and options ?

%%
I like the way one can always limit losses on options; but way too much time decay for me or buyers, mostly.
ETFs seldom decay that fast, but my comments are on pure , more or lessLOL,stock based ETFs...........................................................................................I planned on buying UDOW + UPROtoday also, but i have enough longs already+ seldom daytrade.
2 hours 'till close
Inverse ETfs are still doing fine for the week+ this morning.
NOT a prediction+ not insured by any federal agency

 

[KCalhoun]

Ken, what direction you think we are heading today? After trading twenty plus years do you change your view quicker or allow your thesis to unfold in a multi day frame?

hi - i pair daytrade uvxy/soxl .. big picture wildly bearish, scaling into uvxy for swing

 

[newwurldmn]

Re why I don't make income or profitability claims -- read these recent enforcement actions carefully:

https://www.ftc.gov/legal-library/b...s?search=Trading&sort_by=search_api_relevance

sharing your profitability and making claims of others profitability are two different things.

 

[TheDawn]

Nah you will make that back in no time. That's a drop in the bucket. Tomorrow might be a down day judging by how the futures is trading so if you are still long in UVXY you should earn some +ve returns from your position.

Hey @KCalhoun, what did I tell ya about the drop today, huh? I hope you made good gains from UVXY, a 9% increase!!! Your puny losses should be all erased by now.

 

[KCalhoun]

Hey @KCalhoun, what did I tell ya about the drop today, huh? I hope you made good gains from UVXY, a 9% increase!!! Your puny losses should be all erased by now.

True.... redemption!

 

[TheDawn]

True.... redemption!View attachment 283444

Come next week, once the Fed announces the 1% rate hike and more quantative tightening monetary policies, there will be more redemption in store for you.