Correction coming? See inverses UVXY TZA SQQQ

Intraday this looks very bullish, when standing upside down.
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Yes.... I successfully daytraded UVXY big move up yesterday. I'm trying to bottomfish TZA UVXY today but am taking small stops grr. Made $ trading sprt today. Will aggressively trade upside eod pivots esp TZA today if they bounce.
 
KCalhoun said:
Just bought much more inverses... usually it's not good to buy premkt gaps in them though.

Bought SQQQ UVXY FAZ SRTY etc

That's why I start small, then scale.... so I'm playing with the house's money (unrealized profit) from initial small positions.

My first goal is to be in at least $50k worth of inverses by the time s&p corrects down to 100sma. Will tighten trailing sl near 50sma potential pivot level.

#gobears #fkngfinally
More...
%%
TZA, TWM spxs,spxu going up
 
Now's a great time to trade UVXY and other inverses imho, I'm both swing and daytrading them.

Mainly I'll be daytrading UVXY. Nice gap up today :D

It's very difficult. Lesson learned is it's good to trade the open range breakout spike and tighten t/s just before 10am reversal. Buy the dip sell the rip.... when it's gone up sharply don't chase.

After first big .70+ spike i don't reenter til it's dropped all the way back down near opening price. Best profitable days I've had are when I do multiple ladder of 5-6 open positions on the way up. I build positions quickly up to 700 shares total, sequence of 100-400 share trades, then aggressively tighten t/s while it runs up.
 
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