Ok remember Ken recommended you maintain a heavy weighting in UVXY around 7.70-7.80 area and hold until it's 11-13. Feel free to put some money down. Better hope it works out better then his $10 to $20 by end of year trade call which was issued at roughly $11.
Grinch comes Again: Bear Market Crash coming December... Santa Selloff #2
- Thread starter KCalhoun
- Start date
Ok remember Ken recommended you maintain a heavy weighting in UVXY around 7.70-7.80 area and hold until it's 11-13. Feel free to put some money down. Better hope it works out better then his $10 to $20 by end of year trade call which was issued at roughly $11.
I'm not sure what's going on here, but I've learnt some important stuff from Ken, and been entertained along the way by some mad Sax, I said Sax.
The Grinch dying under a great big steaming pile of hubris and delusion. UVXY trying to take out all time low again right now ( 6.75 ). What was it Ken said at 7.70 ? Long, long, long. Clients and fan boys are disappointed, no glorious victories to report.
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Let's wrap this call up and see how Ken did. The call was on Nov 21st, Here are what the 4 etfs have done since Nov 21st close :
SQQQ 47.24 to 54.01, SOXS 36.73 to 39.26,
UVXY 8.38 to 6.86, BITI 43.86 to 39.79
Final performance assuming equal weighting : -1.6%
SQQQ 47.24 to 54.01, SOXS 36.73 to 39.26,
UVXY 8.38 to 6.86, BITI 43.86 to 39.79
Final performance assuming equal weighting : -1.6%
Thanks..... I think it's going to continue to be a bear market overall, though there will be decent short term swing setups in soldoff tech .. eg tsla meta amzn aapl may bounce soon.
We'll likely have difficult choppy times to navigate especially in january. I think the best strategy will be multi-hour daytrading, eg "buy the open, sell the close" for daily gappers and 2day high breakouts. In addition to scalps.
Not gonna lie, I'm bearish on this entire year ahead. But risk management is always The Answer!
Ok an update Ken was advising you to scale into UVXY at roughly 7.70. It's now 6.02 got as low as 5.93 an all time low. So what have you learned from this experience ?