How I'm Trading the Volatility: Live trades (Jan)

[KCalhoun]

Good day for Ken & Friends!

It's been a frustrating journey trading inverses lately. Biggest lesson learned is scale slowly bc pullbacks have often lasted just a few days.

Still expecting mother of all crashes due to coronavirus, but getting headfaked has been the norm.

In just a few k of inverses today, will scale tomorrow. UVXY favorite bc VIX pivot likely good for more.

 

[murray t turtle]

Bought SDOW TZA UVXY etc premkt in case market drops, small size to start.. fwiw SDOW had best premkt chart bc gap up above prior days high


uvxy great breakout; swing target 19 easy
View attachment 243983

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I'm looking today to cut a 9.5% loss on spxs/better than the 15% on it earlier;
good thing I risk only part of my weekly profits[or sometimes last week's profits.]
QLD new buy profitable ,in SPYG.$52.47 average. SPYG may not makes as much/ but may drawdown less...………………………………………………………………………………………………….
SQQQ is up about 3.333% for the week/not in as of now.
MAY take small profits in SPYG or most likely let the profits ride

 

[KCalhoun]

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I'm looking today to cut a 9.5% loss on spxs/better than the 15% on it earlier;
good thing I risk only part of my weekly profits[or sometimes last week's profits.]
QLD new buy profitable ,in SPYG.$52.47 average. SPYG may not makes as much/ but may drawdown less...………………………………………………………………………………………………….
SQQQ is up about 3.333% for the week/not in as of now.
MAY take small profits in SPYG or most likely let the profits ride

Good points, SQQQ best price action today, bought a bit, will be scaling into it for weekend hold of it closes over 20.

 

[murray t turtle]

It's been a frustrating journey trading inverses lately. Biggest lesson learned is scale slowly bc pullbacks have often lasted just a few days.

Still expecting mother of all crashes due to coronavirus, but getting headfaked has been the norm.

In just a few k of inverses today, will scale tomorrow. UVXY favorite bc VIX pivot likely good for more.

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Cut a 9.88% loss on spxs\swing trade this week.Biggest % I ever lost onSPXS; but lost more money on TZA.
I tend to make more on QQQ,TQQQ/QLD/ICLN this week;
so got in TECS@11.2499, today .I risk a % of weeks profit for inverse/or % of last weeks profit.
REALLY did not want to sell upro[exit long] on Monday but I had a resting order in/so worked well anyway.
I considered changing my % on spxl/upro this year+ have ,to include spy or SPYG;
SPXL did about 100% in 2019 , very different in 2020
EVEN though SPYG draws down less than many; BUT it went to $8 area /bear market/LOL TQQQ trends well but rallys + valleys are so sharp/easy to get burned!!

 

[themickey]

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Cut a 9.88% loss on spxs\swing trade this week.Biggest % I ever lost onSPXS; but lost more money on TZA.
I tend to make more on QQQ,TQQQ/QLD/ICLN this week;
so got in TECS@11.2499, today .I risk a % of weeks profit for inverse/or % of last weeks profit.
REALLY did not want to sell upro[exit long] on Monday but I had a resting order in/so worked well anyway.
I considered changing my % on spxl/upro this year+ have ,to include spy or SPYG;
SPXL did about 100% in 2019 , very different in 2020
EVEN though SPYG draws down less than many; BUT it went to $8 area /bear market/LOL TQQQ trends well but rallys + valleys are so sharp/easy to get burned!!

I haven't followed your trading style (I don't follow anyone's) but I thought you were a longer term trader. Are you doing day trades, or sneaking some day trades in, in this environment?

 

[murray t turtle]

I haven't followed your trading style (I don't follow anyone's) but I thought you were a longer term trader. Are you doing day trades, or sneaking some day trades in, in this environment?

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Yes/still use a 200day moving average/long term.
Also do also short term trades, more than daytrades.
But I like to exit some stuff weekly/ so I do both.
[And tend make more on long etfs than inverse/mostly]Was in UPRO for 4 months/exit NOV+ back in again today,some.

 

[themickey]

I'm half tempted to take some short term trades but resisting, the reason being I don't wish to start being glued to a computer terminal all day.
The trading landscape atm is not to my liking.
Yesterday I spent all day creating a new variation on a recent algo (running just over a year) which is my favourite atm.
Then went shopping online, I need another laptop just to handle it, will place an order for it in a day or two.
https://geeksontap.com.au/pixelbook-go-12/

 

[murray t turtle]

I'm half tempted to take some short term trades but resisting, the reason being I don't wish to start being glued to a computer terminal all day.
The trading landscape atm is not to my liking.
Yesterday I spent all day creating a new variation on a recent algo (running just over a year) which is my favourite atm.
Then went shopping online, I need another laptop just to handle it, will place an order for it in a day or two.
https://geeksontap.com.au/pixelbook-go-12/

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I love to study trends+ even for short term trading/ I measure a bunch /but not glued to screen all the time.
I've seen better uptrends in tech etfs/but ok.[A WIDE/sharp ralley/sharp valley uptrend can be tricky, which is what UPRO/SPXL has been doing all year]
DOW chart / 52 week looks weak, but the media is promoting that /who knows??

 

[themickey]

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Yes/still use a 200day moving average/long term.....

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I love to study trends+ even for short term trading/ I measure a bunch......

My preference, monthly bars give a better reading than MA200.
Compare / count those above or below HHV / LLV.

MA200 is 'funny' because it's not a fixed indicator, not fixed in terms that an instrument 10% (for example) above a MA200 means little due to the MA following price, whereby a monthly high lor low is fixed in place. Over a month, the high from the previous month remains fixed, while a MA moves.

Or put it this way, use MA200 but dont overlook using Monthly's as a reference point.

 

[murray t turtle]

My preference, monthly bars give a better reading than MA200.
Compare / count those above or below HHV / LLV.

MA200 is 'funny' because it's not a fixed indicator, not fixed in terms that an instrument 10% (for example) above a MA200 means little due to the MA following price, whereby a monthly high lor low is fixed in place. Over a month, the high from the previous month remains fixed, while a MA moves.

Or put it this way, use MA200 but dont overlook using Monthly's as a reference point.

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Exactly + why I use 200dma + monthly/weekly candles.
Buts its real handy because alan Farley noted ''bulls live above 200dma+ bears live below200dma''
I never use any moving average mindlessly. They tend to sell stocks in SEPT,regardless of any ma...…………………………………………………………………………………………………………………..