Correction coming? See inverses UVXY TZA SQQQ
- Thread starter KCalhoun
- Start date
UVXY and others looking good today.
I opened a new tiny 2k Fidelity account today exclusively for a bear portfolio for ye olde September selloff. If s&p loses 100sma I'll add 20k
Small account challenge is on
Funding weight big to small will be:
UVXY
SRTY/TZA
SQQQ
SOXS
My strategy is to start it small, then add capital if/when PnL increases. Goal is to grow it to 60k+ with no more than 25k total capital by dec.
I'm keeping it separate from other accounts. Game on.
I'll still daytrade daily too of course.
I'm thinking markets drop and chop next couple of weeks.
#crushwallstreet
I opened a new tiny 2k Fidelity account today exclusively for a bear portfolio for ye olde September selloff. If s&p loses 100sma I'll add 20k
Small account challenge is on
Funding weight big to small will be:
UVXY
SRTY/TZA
SQQQ
SOXS
My strategy is to start it small, then add capital if/when PnL increases. Goal is to grow it to 60k+ with no more than 25k total capital by dec.
I'm keeping it separate from other accounts. Game on.
I'll still daytrade daily too of course.
I'm thinking markets drop and chop next couple of weeks.
#crushwallstreet
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Another winning day today mostly trading UVXY and TZA. And I'm stopping here now at 11 a.m. to follow my rules. I still have a handful of automated buy stop orders in play, but I'm going to do my best to not overtrade today.
Nothing pisses me off more than being up in the morning and then flat or down in the afternoon, so I'm listening to ddog and following my rules. Yay. I'll be long at least $7,000 worth of inverses into the weekend
Nothing pisses me off more than being up in the morning and then flat or down in the afternoon, so I'm listening to ddog and following my rules. Yay. I'll be long at least $7,000 worth of inverses into the weekend
beautiful! i ended up trading it into the close
Originally I was going to stop trading at 11, but price action is everything and uvxy is my favorite thing to trade, ended up nicely in the green today. Flawless victory.
Thx dest for bear bias nudge days ago. Thx ddog re comments re rules.
Originally I was going to stop trading at 11, but price action is everything and uvxy is my favorite thing to trade, ended up nicely in the green today. Flawless victory.
Thx dest for bear bias nudge days ago. Thx ddog re comments re rules.
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%%beautiful! i ended up trading it into the close
Originally I was going to stop trading at 11, but price action is everything and uvxy is my favorite thing to trade, ended up nicely in the green today. Flawless victory.
Thx dest for bear bias nudge days ago. Thx ddog re comments re rules.
View attachment 267692
Stopping @ 11 could be wise for daytrading;
but not for SEPT or down Mondays. TZA, YWM , FANG, spxs, spxu, sdow ,sqqq may do better SEPT. I accidently tried to buy SPYg @ 2:59 cst, too late , i never pay attention to seconds usually + paid off again with no fills on SPYg \LOL..................................................................................
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%%
Stopping @ 11 could be wise for daytrading;
but not for SEPT or down Mondays. TZA, YWM , FANG, spxs, spxu, sdow ,sqqq may do better SEPT. I accidently tried to buy SPYg @ 2:59 cst, too late , i never pay attention to seconds usually + paid off again with no fills on SPYg \LOL..................................................................................
True. Next week will scale up. Trying to decide how much size inverses for weekend hold. Will wait till after 6 p.m. for after-hours trades.
Be very careful. Even if we gap down Monday morning I'd be looking for a violent bounce.
Thanks, very possible and likely. Usually inverses bite me in the ass when I hold overnight. I keep saying maybe this time will be different.
I'm just in 7K tiny right now, debating as to whether to scale a bit more just 10 or 15 k worth to buy after hours here now soon. At least I have some open profits to play with in case they gap against me on Monday.