Buying inverses premkt today 11May -- go Bears

KCalhoun

KCalhoun

bought a few k worth of inverses premkt

fdly11may.jpg
 
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?
 
SteveM said:
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?
More...


TZA is damn fun to trade....
 
trendmomentum said:
LOL
More...

LOL is right. Let me guess...he moved his trailing stops and almost broke even except for all those dang commissions and lousy bid-ask spreads. I guess it's an okay beginner strategy but not something a "30+ year trading veteran educator" should be doing/teaching IMO.
 
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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%.....
 
I am heading to the trail, but this shit warms the cockles of my heart. I will be thinking of KC on my descent.

#busted
 
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