I'm going to guess because ETFs do not expire, but straight futures do?
What happened on this chart?
- Thread starter KGTrader4
- Start date
I'm going to guess because ETFs do not expire, but straight futures do?
yup…and trading in Ira…tax free gains…win/win…these old heads gotta lot to learn and really sounds like a noob.
please elaborate to me why no free lunch when you trade in ira? no tax on gains. the only things is you can't deduct any loss in your ira if you got a loser.
%%
Same here, i don't mind the speed on the gains;
but i like a time stop sometimes, so i do cash ETFs= TQQQ\SQQQ, XLK, SH SPXS, some spxu....................................................................................................
SQQQ post market buy did not get filled @$52.90 , even though @ least one trade went off there.
ES +SPXU,SPXS.SQQQ, SH, SPXL,UPRO,QID,QQQ,TQQQ liquidity is fine;
mostly a personal choice,
except impossible to get a margin call or forced sale on SQQQ,TQQQ...
Yea i know, a foreclosure or forced sale always happens to some else/LOL
100% of foreclosures or margin calls are caused by leverage.
Dividends may be a bit but not a big deal.......
Well this was a stupid day. That loss 524.
The first trade, the bigger one was done about an hour and a half after I had gotten out of general anesthesia. Dumbest thing a person could do, in fact before I went in I told myself no trading today. I got out thinking it’s not going my way and if anything there was a short bias today I shouldn’t be in TQQQ.
Then I did the second trade, the smaller one. But realized, no reason to do this I shouldn’t be trading today, if anything this was a revenge trade, and so I sold while I had a minimal gain.
lesson learned. Think before you act, have a good reason to take a trade, and stop making decisions based on what you WANT to happen.
Very disappointed in myself, I felt like I was starting to “get it”. But I knew deep down this was inevitable.
Oh well, at least I didn’t let it turn into a disaster . Just got chopped up little.
I should probably be doing these posts in the trading journal I set up in the journal section which is what I’ll do going forward I won’t post any more of the stuff in this section sorry guys
The first trade, the bigger one was done about an hour and a half after I had gotten out of general anesthesia. Dumbest thing a person could do, in fact before I went in I told myself no trading today. I got out thinking it’s not going my way and if anything there was a short bias today I shouldn’t be in TQQQ.
Then I did the second trade, the smaller one. But realized, no reason to do this I shouldn’t be trading today, if anything this was a revenge trade, and so I sold while I had a minimal gain.
lesson learned. Think before you act, have a good reason to take a trade, and stop making decisions based on what you WANT to happen.
Very disappointed in myself, I felt like I was starting to “get it”. But I knew deep down this was inevitable.
Oh well, at least I didn’t let it turn into a disaster . Just got chopped up little.
I should probably be doing these posts in the trading journal I set up in the journal section which is what I’ll do going forward I won’t post any more of the stuff in this section sorry guys
good stuff...as long as you learn from this and keep on journaling everyday. and make sure not to repeat the same mistake over and over again. you can grow as a trader from here. the problem i see is you taking too big of a size. from 200 to 2000. your trade size were around the 100 - 200. today you went 10x on your first trade. make sure you comfortable trading that size for a few week or months before you scale up. i'm still not have scale my trade up yet after 75 days of using this strategy.
also don't do any big trading if you have any distraction like me when user bothering me yesterday while i'm trying to trade. put on a trade and attending a meeting at the same time. or doing door dash and trading. those don't mix well. day trading is addictive. set your own hours and don't let the market dictate you.
Last edited:
%%
SQQQ = profits on main bear trend[qqq downtrend] is my preference.
TQQQ= I like that one sometimes+ have huge amount of candlecharts on it. TQQQ=super liquid and actually up for week, like QLD, scaling out of a loss on that one today.
My start[Edit SDOW out ] QID position got out today[+ SDOW @ open resting order.]
Actually i traded TQQQ+ xlk some this week, as countertrends go, logical try+ profits ;
I have traded TECS + TECL some in the past, not quite as liquid as TQQQ\SQQQ.
BUT for 2022 bear markets, my inverse ETFs[sqqq,qid, sds...] have done better than UPRO, SPXL ,TQQQ, xlk.
Counter trends[TQQQ qld, SSO,SPXL .... below 200dma] can make money faster + lose money faster. Even though TQQQ, qld still up for week last i looked.
Good thing about a scale out loss or profit=CANT exit @ exact bottom or top/LOL
Good post.
Last edited:
Thanks. Yeah I realize that the reason that one trade was so much bigger is because of the account I did the trade and it’s in a bigger account versus the second account which I did a small trade-in that is just a small account that I set up for trading only
I’m going to do my trading or at least my day trading which I may not do every day, in the smaller account only going forward