I'm back in, tomorrow

[GrowleyMonster]

So if you got it since you been watching do you think you would've sat through and just let your profits run?

Not sure I understand your question. Sat through, as in buy and hold?

No. It would have worked, but leveraged ETF's I don't like to hold overnight, normally. I would have maybe picked some biotechs or something to hold, if I was going to stay in a position for a while. If you mean would I have held to this strategy, sure, as long as it would keep working for me.

Several times I thought about getting back in to trading in a small way, but I have just been too busy. And TBH I am not sure that we have really hit bottom yet on this Covid thing. Still waiting for the other shoe to drop. I think maybe we are overdue for a crash and that wasn't it.

 

[high-performance]

Trading is like learning to drive 10 tonne truck, ''it's look easy '''to drive 10 tonne truck. just don't crash and make bad turns. in the highway and get a ticket for violating the traffic rules or drive in the wrong side of the road or running red lights. and don't drink and drive.

Actually I was trading quite actively until several months ago. Ask around.

Trading the Q's will fit well into my daily routine. I can't be watching a half dozen charts and a watch list and tweaking a scanner all day or even all morning. Here I have just two instruments to keep an eye on. One, really, when you think about it. I have other things do to, too. I can prep product and fill orders while watching one chart, no problem.

Do you think I shouldn't be trading? I don't think I should be trading, either. Or running a small business either, but I am. I should be sitting on the bank on some peaceful bayou with a fishing pole in one hand and a beer in the other or going out for a sail cause hey, I'm retired. The problem is, when you are retired, you don't get any days off. So I do things. And if I don't pick things to do, the wife will pick things for me to do.

 

[systematictrader]

Not sure I understand your question. Sat through, as in buy and hold?

No. It would have worked, but leveraged ETF's I don't like to hold overnight, normally. I would have maybe picked some biotechs or something to hold, if I was going to stay in a position for a while. If you mean would I have held to this strategy, sure, as long as it would keep working for me.

Several times I thought about getting back in to trading in a small way, but I have just been too busy. And TBH I am not sure that we have really hit bottom yet on this Covid thing. Still waiting for the other shoe to drop. I think maybe we are overdue for a crash and that wasn't it.

I understand

 

[Girija]

I have been on the sidelines for a long time now. I watched a lot of great opportunities pass me by since the COVID19 crash. I have been watching the indexes and the leveraged index funds like TQQQ and SQQQ and I have decided to go back in with a small account. New wife gets all weepy when I start talking about funding a proper trading account but I have a couple thou socked away in an Alpaca account and also in a TD Ameritrade account. I have my TradingView set up to trade on my Alpaca account and have done well in paper trading just TQQQ and SQQQ and if it looks good in the morning I am going to make a small play. If not, then another day. No more exercises in faith-based trading, just going with my indicators. Fingers crossed. Today I would have made an easy 3% and this has been pretty typical. I plan on a max of two trades tomorrow, no margin trading.

Careful there. SQQQ is a losing trade under current conditions.

 

[volpri]

I have been on the sidelines for a long time now. I watched a lot of great opportunities pass me by since the COVID19 crash. I have been watching the indexes and the leveraged index funds like TQQQ and SQQQ and I have decided to go back in with a small account. New wife gets all weepy when I start talking about funding a proper trading account but I have a couple thou socked away in an Alpaca account and also in a TD Ameritrade account. I have my TradingView set up to trade on my Alpaca account and have done well in paper trading just TQQQ and SQQQ and if it looks good in the morning I am going to make a small play. If not, then another day. No more exercises in faith-based trading, just going with my indicators. Fingers crossed. Today I would have made an easy 3% and this has been pretty typical. I plan on a max of two trades tomorrow, no margin trading.

ok

 

[systematictrader]

Careful there. SQQQ is a losing trade under current conditions.

lol

 

[GrowleyMonster]

I had to ditch the forum for a while. Too much negative vibe, it was interfering with my inner serenity. Too many experts who think they know all about me and that I shouldn't be here.

After 3 weeks my $3k account has grown to $3275.70. Under current raging bull conditions that isn't saying much, but there it is. Transport and oil are looking good. CUK gave me a nice profit and GUSH did, too. Made a little on the TQQQ/SQQQ thing. I don't have a lot of time to devote to trading so I haven't really been scanning, TBH. Right now this is kind of on a recreational level. I can go to the casino without going to the casino, you might say. So, Nattering Nabobs of Negativity, please hold your peace if I violate the much parrotted, even if sensible, conventional rules and I put more money in play in just one or two stocks or ETFs than I "should". Or if I make up for that with overly conservative stop-losses and miss out on a good run. I am not trying to be a pro here, just having fun and currently making a little chimp change from my currently pocket-size account. Mrs. Monster is okay with it as long as I trade up and don't add money to the poke. I convinced her that it is better for me to spend an hour a day trading than all night at a poker game, and I would lose less. In my current domestic atmosphere I can't put any more money into the kitty. It will have to grow on its own unless I win something in the lottery. She doesn't mind if I buy my Mega and Powerball tickets twice a week. Windfalls like that will automatically go into trade. No discussion.

I should have bought some GUSH early last month. It had to come up, I just thought it would be slower than that. Well, I didn't actually get back in the game until the 18th of last month.

 

[Turveyd]

I had to ditch the forum for a while. Too much negative vibe, it was interfering with my inner serenity. Too many experts who think they know all about me and that I shouldn't be here.

After 3 weeks my $3k account has grown to $3275.70. Under current raging bull conditions that isn't saying much, but there it is. Transport and oil are looking good. CUK gave me a nice profit and GUSH did, too. Made a little on the TQQQ/SQQQ thing. I don't have a lot of time to devote to trading so I haven't really been scanning, TBH. Right now this is kind of on a recreational level. I can go to the casino without going to the casino, you might say. So, Nattering Nabobs of Negativity, please hold your peace if I violate the much parrotted, even if sensible, conventional rules and I put more money in play in just one or two stocks or ETFs than I "should". Or if I make up for that with overly conservative stop-losses and miss out on a good run. I am not trying to be a pro here, just having fun and currently making a little chimp change from my currently pocket-size account. Mrs. Monster is okay with it as long as I trade up and don't add money to the poke. I convinced her that it is better for me to spend an hour a day trading than all night at a poker game, and I would lose less. In my current domestic atmosphere I can't put any more money into the kitty. It will have to grow on its own unless I win something in the lottery. She doesn't mind if I buy my Mega and Powerball tickets twice a week. Windfalls like that will automatically go into trade. No discussion.

I should have bought some GUSH early last month. It had to come up, I just thought it would be slower than that. Well, I didn't actually get back in the game until the 18th of last month.

That High Performance, particularly nasty piece of work, I'd bet angry because he can't trade, so likes to tell everyone else they can't either to make himself feel better, IGNORE function hint hint.

Why don't you fund Mico E-Mini account, trade NQ same as QQQ without the PDT rules, so as often as you like ??

Doing well, keep it up and ignore the haters!

p.s. BB's when you know how to use and trust them, kick ass that's a good start.

 

[GrowleyMonster]

That High Performance, particularly nasty piece of work, I'd bet angry because he can't trade, so likes to tell everyone else they can't either to make himself feel better, IGNORE function hint hint.

Why don't you fund Mico E-Mini account, trade NQ same as QQQ without the PDT rules, so as often as you like ??

Doing well, keep it up and ignore the haters!

p.s. BB's when you know how to use and trust them, kick ass that's a good start.

Yeah actually I have sort of moved beyond BB to something that is a little more refined and at the same time quick and intuitive. I still like having BB showing on my charts, though. Usually I keep it on EMA9 and I will occasionally add an EMA6 or EMA12 temporarily to look at where they cross over. My favorite indicator is one I came up with last year while I was still with IB, but using TradingView for a lot of stuff, including picking entry/exit points on TV's excellent charts. IMHO BB's can't be beat for a beginner, though.

The Micro E-Mini thing sounds like an excellent suggestion! However, I don't know anything about trading anything except stocks and ETFs. Right now I don't have time to educate myself on a whole new thing. I don't have time to day trade every day, anyhow. So ATM, PDT rules are only a minor annoyance to me. Some days I can afford to sit in front of the computer all morning and afternoon. Some days I am doing good just to check on whatever I am holding, once in the morning and right at the closing bell. I have been holding stuff overnight quite a bit. That's one way around PDT! In a big bull market, overnight pays off more often than not, anyway, statistically.

I don't want to jinx myself with glowingly optimistic forecasts of my near future performance, but if this market keeps up for a few months and I can trade up to $9 or 10k by the end of the year, I think Mrs. Monster will be okay with me topping up to $25k+ and I should have that in checking if I don't spend too much on the boat. If I can't get up to $10k I won't even ask. Maybe next year, or after the next big market crash.

Anyway, I'm having a lot of fun with this. And it isn't costing me a thing. (knock on wood.)

 

[Turveyd]

Yeah actually I have sort of moved beyond BB to something that is a little more refined and at the same time quick and intuitive. I still like having BB showing on my charts, though. Usually I keep it on EMA9 and I will occasionally add an EMA6 or EMA12 temporarily to look at where they cross over. My favorite indicator is one I came up with last year while I was still with IB, but using TradingView for a lot of stuff, including picking entry/exit points on TV's excellent charts. IMHO BB's can't be beat for a beginner, though.

The Micro E-Mini thing sounds like an excellent suggestion! However, I don't know anything about trading anything except stocks and ETFs. Right now I don't have time to educate myself on a whole new thing. I don't have time to day trade every day, anyhow. So ATM, PDT rules are only a minor annoyance to me. Some days I can afford to sit in front of the computer all morning and afternoon. Some days I am doing good just to check on whatever I am holding, once in the morning and right at the closing bell. I have been holding stuff overnight quite a bit. That's one way around PDT! In a big bull market, overnight pays off more often than not, anyway, statistically.

I don't want to jinx myself with glowingly optimistic forecasts of my near future performance, but if this market keeps up for a few months and I can trade up to $9 or 10k by the end of the year, I think Mrs. Monster will be okay with me topping up to $25k+ and I should have that in checking if I don't spend too much on the boat. If I can't get up to $10k I won't even ask. Maybe next year, or after the next big market crash.

Anyway, I'm having a lot of fun with this. And it isn't costing me a thing. (knock on wood.)

Nothing really to learn, the same way as you buy QQQ you do but using NQ instead via a futures account and short it but margin rules are all simpler and in out all day long scalping if you want to.

Keep it secret from the Mr's, then it's Mountain Bike and Womanising money, but guess she's a new Mr's so won't be needing the later for a year or 2.


I hobby traded for years, being forced into becoming an income, ruins the fun, but hey needs must.