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.