Market looking nice and juicy to the upside tomorrow, I think the bears...

[murray t turtle]

You can feel "it" with your 10% probability of being right? That's worrisome.

Perhaps stop even trying to call highs or lows and trade the belly where the real money is made. Tops or bottoms are meaningless because they are near impossible to be timed. You might be right about tomorrow (or wrong) but what about the day after tomorrow and so on. Smart traders trade momentum not tops or bottoms.

%%
Good points.
IF over a period of years,90% wrong+ 10% right ; he could do real well with a = fade them /\+ trade them.LOL .
But it does not ''have to turn soon'' regardless.

 

[KCalhoun]

I call headfake, dcb, markets due to drop next week. But I'll play both sides, SOXL aark for bulls, uvxy sqqq for bears

 

[Jzwu2017]

Do you still hold UVXY?

 

[SoyUnGanador]

I think you are asking Ken Jzwu2017, I've never held it. Shorted it, but never held it.

 

[Jzwu2017]

I think you are asking Ken Jzwu2017, I've never held it. Shorted it, but never held it.

Yes, I was asking Ken.

 

[SoyUnGanador]

I second your question. Ken, inquiring minds want to know what you are holding right now!

 

[KCalhoun]

sure, i think its a bs bear market rally so i bought and am holding just 360 shares UVXY, 60 SQQQ plus random bits of other stuff, eg i bot a bit of cannabis stocks

i'm roughly 80% short-bias, 20% long-bias re positions.

will look for bounces in stuff like dis, nflx, pypl, shop, arkk next week if mkt runs, plus energy/financials

 

[nitrene]

I reversed positions at the open today and sold my SQQQ & SARK and bought TQQQ & TARK. My hunch is this will be more than a 1 day rally. TARK opened up 14% higher and still went up another 10%.

 

[smallfil]

This the kind of bear market rally to reel in the legions of retail traders. You cannot continue to ignore the stockcharts and fight the trend. Watch Gaming Wallstreet Documentary on HBO Max. It clearly shows the major players in the stockmarket including, the hedge funds and how powerful they really are. The big boys set the major trends. You think you can buck the trend and beat them? Like the legions of gamblers descending on Las Vegas thinking they will win big and own the casino overnight? Where do you think the Las Vegas casinos get their tens of billions of yearly profits? And where do you think the hedge funds get their billions upon billions of stockmarket profits?

 

[Jzwu2017]

Be flexible in bull or bear market, especially for short term trading.