I take it then that your methodology is based on anticipating where that market is going rather than reacting to what the market is doing.
Daily Gaps & Breakouts with Ken Calhoun
- Thread starter KCalhoun
- Start date
No, I react vs predict. I saw that the market did a recent pullback a week ago so that weakness told me more selling ahead, which I'm profitably trading today so far SDOW TVIX FAZ etc
Let's keep it friendly ok vs neg crack like that anticipation bit ok? I'm putting a lot of work into answering questions.
It'll be interesting to see where market closes today. The further down under pd low it closes, the more shares I keep overnight in inverses FAZ LABD SQQQ SRTY TZA UVXY SOXS SCO etc
I tightened trailing stops a little while ago in case of midday or eod reversals. There's nothing more frustrating than to be profitable in the morning only to be flat or red eod bc fail to use trailing stops. I started with $1 ts then tightened to .3 or so after run up, to lock in profits.
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I didn't think that was a neg crack. There are 2 kinds of traders, those who predict and those who react. Both strategies have their pros and cons. Both can be viable and profitable.
Didn't mean to overload you with extra work. No more questions from me.
Ok sry , your questions are welcome bc they're smart