Port1385 says to "double down" in your 3x inverse positions!!!

Quote from Port1385:

You dont know what timeframe I trade. The way most people talk around here...I think they swing trade or hold for days weeks or whatever with no clue that others may be on a different mindset. I occasionally hold positions for a few days or weeks in my personal account, but I am primarily a daytrader at a prop firm and thats what I do to make my living.

Sometimes I will make a call to sell short the SPX and then my target is hit that day or its not hit and then a hard stop is made, I wont repost again because I simply dont care.

You may be up whatever percent, but your style of trading is not what I do. I trade on the day...I am out of the markets by the end of the day. I have a compliance manager standing over me and rules to follow. Thats the great thing about working at a reputable firm. They make you play by the rules and that avoids a severe drawdown.

I would never brag about being up or down. There is a reason why traders do not discuss gains or losses and thats because you are tempting fate.
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No, Port, no such reversal was made unless it was after the fact. You're still down that much from your original call on April 1st. I guess if you enjoy holding through large drawdowns it will work out for you.
 
Quote from bwolinsky:

No, Port, no such reversal was made unless it was after the fact. You're still down that much from your original call on April 1st. I guess if you enjoy holding through large drawdowns it will work out for you.
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I think what Port was saying is that he makes calls, and by his way of trading is out by the end of the day because he day trades and is not a swing trader, and does not always come back to this site to post exits. I think that's what he's saying.
 
Port doesn't day trade. At least not with money.

This thread, like many others of his, was a disastrous trade.

He's the next best thing to stock_trad3r when it comes to contra indicators.
 
Quote from Ivanovich:

Port doesn't day trade. At least not with money.

This thread, like many others of his, was a disastrous trade.

He's the next best thing to stock_trad3r when it comes to contra indicators.
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At some point "Isn't it embarrasing?" as lindq asked weeks ago with the sell short call on April 1st. I think it best to ignore Port as he is obviously oblivious to how disastrous this call was, either the one at the beginning of the month or this one to "double down in your 3x inverse positions." I wouldn't give a second thought to anything he has to say.
 
Quote from Port1385:

By the way, futures down below support line at 845 which would break the head&shoulders if the market was open right now.

I added more to my TZA position in my personal account again today.
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Dude. You're an idiot. If you do happen to make money in any of your leverage ETF trades on the long side, regulate that to luck. You're going to need a prolonged, multi-day, large percentage down for you to even get back to flat in your positions. You're trading on hope. You better HOPE that the stress test results are far worse than expectations or that the unemployment report next Friday is far, far, worse than expectations. Sadly for you however, is that the market now rallies into bad news.

Read the prospectuses (or is it prospecti?). Whatever. Direxion fully expects these ETFs to eventually go to ZERO. They will expire and you will be sitting alone dreaming that a new financial crisis will develop that will send FAZ skyrocketing toward $200. Do yourself a favor and don't wake up from your dream to face the nightmarish reality that your account balance is zilch.

Hope isn't a winner's strategy in stock markets. However, hope does win elections. You ever thought about a career in politics?
 
Quote from TrueProp:


Hope isn't a winner's strategy in stock markets. However, hope does win elections. You ever thought about a career in politics?
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Si se puede.
 
Quote from bwolinsky:

At some point "Isn't it embarrasing?" as lindq asked weeks ago with the sell short call on April 1st. I think it best to ignore Port as he is obviously oblivious to how disastrous this call was, either the one at the beginning of the month or this one to "double down in your 3x inverse positions." I wouldn't give a second thought to anything he has to say.
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Ah, the et experience has been quite good without useless calls. He has now reached the -50% DD and has lost all credibility on these calls. Doubling down would be a complete and total loss of the entire account. Great call, and this is how people jump out of windows.
 
Quote from bwolinsky:

At some point "Isn't it embarrasing?" as lindq asked weeks ago with the sell short call on April 1st. I think it best to ignore Port as he is obviously oblivious to how disastrous this call was, either the one at the beginning of the month or this one to "double down in your 3x inverse positions." I wouldn't give a second thought to anything he has to say.
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It would be in your own best interests to reconsider that position. The guy who's always wrong is just as useful to me as the guy who's always right.
 
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