SQQQ UVXY & other inverses: Bear trading tips

KCalhoun said:
Made a few good trades in TVIX VXX UVXY SQQQ but down on GUSH UWT.

"Sometimes you're the pigeon, other times the statue" lol
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GUSH has some good stocks in it APC, XOM, CVX................................. I almost traded it, but was not 95-99% sure i could make money in it-XOM+ CVX, MUR, MRO are great companies,real liquid mostly, great place to buy gasoline, but maybe oil shocked??:D:D
I lost so much % in UDOW [x3]; so scaled in smaller DDM=slightly more liquid than SDOW .
 
I've had good results buying long puts and holding for 1-3 weeks on some of the inverse funds like DXD, QID, SDOW, SPXU (even UVXY!), etc after big moves up. These funds of course trend down as vol reverts, daily mark losses, and as the markets move up. High percentage of good winners. Sometimes low liquidity makes getting decent fills difficult, even in "normal" times.

But now IV has sky rocketed and crazy spreads make this strat not good. I'll wait for calmer markets. No way I'm trading these underlyings without option protection. Way too fast for me. :(
 
I bought small size VXX UVXY TVIX SQQQ premkt today, glad to see they're finally moving, first hour today was boring af except UGAZ CODX breakouts.

Going to go trade inverses more if they run today
 
KCalhoun said:
I bought small size VXX UVXY TVIX SQQQ premkt today, glad to see they're finally moving, first hour today was boring af except UGAZ CODX breakouts.

Going to go trade inverses more if they run today
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UVXY looks good from here, should trade above $100 easily....
 
RainMaker3000 said:
UVXY looks good from here, should trade above $100 easily....
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I hope so, but it was just $12 recently... risky since big price swings. I try to day and swing trade these, keeping small size overnight to build a position size over time.

But I have a profit taking risk averse mindset and take modest profits too soon.

Workaround = I started a couple small accounts earlier I bought and held TVIX SQQQ in and don't touch them, that's working. I tend to overtrade though on occasion it works well.

I'm going to do my best to resist cashing in so frequently.

My top pick is now SQQQ, look at 2year chart on www.bigcharts.com

https://bigcharts.marketwatch.com/q...p?symb=SQQQ&insttype=Fund&freq=1&show=&time=9
 
KCalhoun said:
I hope so, but it was just $12 recently... risky since big price swings. I try to day and swing trade these, keeping small size overnight to build a position size over time.

But I have a profit taking risk averse mindset and take modest profits too soon.

Workaround = I started a couple small accounts earlier I bought and held TVIX SQQQ in and don't touch them, that's working. I tend to overtrade though on occasion it works well.

I'm going to do my best to resist cashing in so frequently.

My top pick is now SQQQ, look at 2year chart on www.bigcharts.com

https://bigcharts.marketwatch.com/q...p?symb=SQQQ&insttype=Fund&freq=1&show=&time=9
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I think volatility tends to trend much stronger than individual stock prices, with the pandemic confirmed, I would say that most hedge fund guys are hedging their market exposure by buying volatility ...
 
https://www.cnbc.com/2020/03/11/fut...loses-in-bear-market-traders-await-trump.html

Anyone else trading SQQQ UVXY TVIX VXX etc? I'm long overnight a bit. It really bugs me I didn't have courage to bet bigger size this last few weeks.

There's definitely more downside to the market so I need to grow a pair. My #1 pick for multi week swing is SQQQ. I'm going to wire in more capital to my fidelity acct, this is a rare opportunity..

Also gonna start a public journal here with trading results, lessons learned, if any interest? #beargrowsapair
 
KCalhoun said:
https://www.cnbc.com/2020/03/11/fut...loses-in-bear-market-traders-await-trump.html

Anyone else trading SQQQ UVXY TVIX VXX etc? I'm long overnight a bit. It really bugs me I didn't have courage to bet bigger size this last few weeks.

There's definitely more downside to the market so I need to grow a pair. My #1 pick for multi week swing is SQQQ. I'm going to wire in more capital to my fidelity acct, this is a rare opportunity..

Also gonna start a public journal here with trading results, lessons learned, if any interest? #beargrowsapair
More...
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Tightened stops on SDOW..................................................................................; good weak open, for DOW.Lets see if Jim Rogers was right about this being a buy week??I use 200dma + [-2o%] for bear measure > /cnbc . LOL
 
Interesting to see reversal from premkt bull back to bear action this am.

Will be mostly cash into the weekend, because it's a coin flip re next week if dead cat bounce or selloff continuation.

Will hold small shares NUGT UWT SQQQ UVXY TQQQ SVXY hedges etc, could gap either way Monday
 
Usually Is stay all cash into the weekend, but the market responded positively to Trump's conference and I figured the stimulus package would come through soon. Really hoping for a solid dead cat bounce so I can buy more puts on sale. I'm watching IWM mostly, because its reversals seem easier to track. My equity account is going into TZA or SOXS, depending on which one drops more the next couple of weeks.
 
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