Buying inverses premkt today 11May -- go Bears

%%I liked
KCalhoun said:
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

[ATTAC H=full]227920[/ATTACH]
More...
%%
I liked the LABU chart+ its stlll goin' up;
but was afraid to swing that one much= about the only virus scare I've had/ LOL
 
These are wicked demons . After being up 7% soxs closed down 10% . Just got to take your bacon on these when its there. That being said i'm nibbling on a little after hrs as they got plastered . Very small . Being near $10 has hurt these and i expect a reverse split soon
 
Right.... good thing I was doing small size for swings. Agree re taking profits soon.

What really bugs me is I called the 10AM top live in my room for my traders, saying if I were daytrading I'd sell all now I'd go to cash, eg top call TVIX 234 at 10. But since I'm small size swingtrading I let them ride, scaling out of some on the way down.

Doh! Turned a green at 10AM day red by eod. Will remember this re see the bacon lighten up even on small size.

Best upside leverage but riskiest is SOXS LABD. Top pick small cap bear SRTY. Best daytrading TVIX UVXY. All are still over pd lows still in uptrend.

10AM pivot is fairly common most days fwiw. Futs flat now. I'm still holding most for swing, I remember identical headfake a few days ago
 
Last edited:
Devastation on the 3x bear etf's today. Look no further than Faz .Most bank stocks down 35-50% in last 3 months yet here's far almost at a 52 week low. Crazy. These suckers are double toxic if you buy a few days too early
 
Glad I listened and went mostly cash into the weekend, thx! Appreciate it, and your sharing story re -70k, point taken.

Using S&P 3000 resistance 2700 support, won't scale until one is broken and holds for 2+ days.

I bought TNA to hedge TZA. Looking to arb/hedge opposite ETFs FAS/FAZ TNA/TZA VXX/SVXY etc....

Trading both in a pair, trying to figure out how to scale correctly to produce net profit on the pair. Am testing both swing and daytrading, it's a hedge strategy worth figuring out.
 
Last edited:
KCalhoun said:
Bought inverses today premkt and into the close. Check TVIX wow. In SRTY SDOW SPXS SQQQ etc
More...
It would be interesting to know how these trades worked out?

Why not share the price of the entry and exits.
 
You must log in or register to reply here.
Back
Top