Buying inverses premkt today 11May -- go Bears

Today I bought very small size inverses during premarket, because they were gapping up and moving strongly, which subsequently stopped out in market.

Look ar FAZ SDOW even TVIX ran up 8 points before the open. So I was buying strength, which was smart at the time. I also traded small positions in case they went against me, to limit my downside risk.

I also hedged overnight because I had bought and held long bias TNA SPXL. I'm fine with my decisions because I used minimal risk to trade solid price action entries.

Mk would you have posted something congratulatory and sincere if my trades worked out, as they often have? No you're a petty little troll who wouldn't be gracious or honest like I am. Where's your PnL proof that you even trade?? You don't deserve even my contempt, anonymously attacking me on a forum. You're all talk no walk without proof you trade. #gfy do I need to ask Baron to ban you? One more troll post and I will.

I traded today both long bias and short bias ETFs. Carefully and conservatively.

As to why I trade several, great question... it's because I stagger my entries and exits so I can scale in and out and build trades while minimizing getting shaken out. I also trade relative strength, eg FAZ had best gap up strength.

Thx to all for your support, I sincerely appreciate it!

I hope it's useful for me to post and explain both examples of winning trades as well as stops. I have both, like any trader.

It's great to hear constructive criticism and insights from you guys, I'm trying to improve my trading skills as well... it's a process.

The great thing about being on a forum is the dialogue with traders, because hopefully we can help each other. Many thanks.
 
I hope it's useful for me to post and explain both examples of winning trades as well as stops. I have both, like any trader.

It's great to hear constructive criticism and insights from you guys, I'm trying to improve my trading skills as well... it's a process.

The great thing about being on a forum is the dialogue with traders, because hopefully we can help each other. Many thanks.

when you bought those shares / etf, don't you think it was a little too early?
During the European session, the Europeans were shorting DAX, ES, NQ, RTY ( and copper, GBP...) and the downforce momentum was rather strong.

Subsequently NQ started to reverse direction and go up few minutes before US stock market opened.
It took quite sometime for ES, RTY to go up.
 
when you bought those shares / etf, don't you think it was a little too early?
During the European session, the Europeans were shorting DAX, ES, NQ, RTY ( and copper, GBP...) and the downforce momentum was rather strong.

Subsequently NQ started to reverse direction and go up few minutes before US stock market opened.
It took sometime for ES RTY to go up.

Good question, I don't follow the dax or es, I follow SPY premarket, which was dropping premarket. I put on small size inverses premarket, with the intention of adding in market if they ran, which they didn't, reversing instead. That's why I start small.

Destriero -- that's correct, I bought premarket and took stops from premarket buys subsequently in market later. As a side note I do occasionally scale in and out all during pre and post market in extended hours. Trying to communicate several things in one sentence
 
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The 3x etf's are tough right now . To make real money you need several days of follow thru and were not seeing that .

Makes sense, thanks.... will wait for a 2-3day trend. Reason for entries today was uniquely strong premkt price action, eg 8 point TVIX run, gap up FAZ . Will also focus on momentum biotech runners like NVAX MRNA


FWIW I'm still holding several k worth of inverses overnight tonight. Not sure how to best communicate my trades here, I do a hybrid of both swing and day trades. Here's my positions in my main account; mostly small size down a bit though:

fdly11mayport.jpg
 
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The 3x etf's are tough right now . To make real money you need several days of follow thru and were not seeing that .

only follow through has been on the long side. Everyday all day. Short side no follow through and have to be exact like a sniper.
 
only follow through has been on the long side. Everyday all day. Short side no follow through and have to be exact like a sniper.

This whats throwing everyone off . I was at Costco yesterday and i was like a ghost town and my state is open . It naturally makes you super bearish . I mean business and attitudes have changed. Earnings are going to be hurting for a yr or more . But right now it doesn't matter
 
KCalhoun, the Educator says
"Good question, I don't follow the dax or es, I follow SPY premarket,"

lemme educate ya, the SPY is the ES. Same thing bro, and talking about it like it was something different aint swift
 
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