Buying inverses premkt today 11May -- go Bears

[EsKiller]

If he's a MTM trader no wash sale rules and the same one line accounting basically as futures .

He bought 90 shares of spxs for a total of around $900. Does that size sound like someone who really needs mtm accounting ?

 

[destriero]

500 SPY = 1 ES, Bro. WTF is wrong with you? "Someone killed Kenny!"

You've been "doing this for decades" and you're trading inverse ETFs PRE-MARKET. Odd lots at that. Whatever you're paying Baron is too much.

 

[EsKiller]

All we need now is Max E Pad with another one of his “Sorry Guys I Was Wrong “ but now I’m going fully loaded on the short side. What a crap show this place has become.

To quote gladiator, "Are you not entertained?"

 

[NewTraderAdventure]

 

[ElCubano]

Unrated actor no? He’s pretty good.

 

[MKTrader]

Ok I'll take a colleague's advice and just put trolls on ignore effective immediately and focus on the smart traders instead

The smart traders who can resist rubbernecking to see a train wreck left long ago...when a "30+ year veteran" started talking about trading inverse ETFs pre-market...in amounts that would hardly allow anyone to trade for a living.

 

[Relentless]

Just curious - why trade so many different etfs?

On 90% of down days in SPX, the Russell falls further than the SPX.....if you are bearish, why not just quadruple the TZA position and forget about SPXS altogether? Save yourself on commissions, execution risk, and bid/ask spreads?

Thanks for pointing that out. I was running with some of the various S&P inverses and the one you mentioned looks like a better option. Have you found its 3x bullish counterpart moves similar? Or would you recommend a different inverse for the long side of things.

 

[murray t turtle]

Nasdaq up 6 days in a row. Just keep pumping those same stocks over and over.

When my retirement account is up nearly 4% in the first days of May it really makes me question how long these gains can last. Last time I felt this my retirement account dropped over 30%.....

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WELL, if its SDOW, not long, even though may, maybe down much more in may, for that one...……………………………………………………………………………………………………………..

 

[murray t turtle]

bought a few k worth of inverses premkt

View attachment 227554

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WOW/good diversification;
I got some amazing price improvement on ERX,but stlll accidently turned a profit into a loss.Fairly sure it will go up more in may with oil, but on a trade just got out of it-had a good sell order /$16, but too late...…………………………………………………………..Lookslike TZA close above 200dma, in may/hey...……………………………………………………………………………………………………….

 

[KCalhoun]

Here's today's buys I did premkt, goal is to trade in and out intraday while building sizable winning swingtrades. Initial exit target just below March highs in inverses.

May 14th premkt entries #winning