Not a recommendation but I believe now is the best time of the year to buy inverses that have been sold off this past month. As of today they are all breaking their downtrends and I believe it is a perfect time to buy. I'm in nearly 1, 000 uvxy and I'm also in the other inverses. I'll be deciding over the next couple of hours how much more size to put on before extended hours trading is over. Best wishes, have a great weekend
Hi Ken, Actually, Tuesday two hours before the close was the optimal time to go short for a trade. RSI indicators were screaming overbought for 75% of the market. DIA, SPY, IYT, IWM, XLF, XLB, XLI, XLU, XLY, XLP, most having RSI in the 75 range. The last time the market was that technically overbought was the first week of November last year. Makes for one of the easiest trades there is. The only reason I sold half of my position at the close today was because the meme crowd is more active and unpredictable. I'll have to see what's happening Monday as to whether or not I go back all in short to continue the trade. If last November is a guide, we could potentially see 2 or 3 weeks of selling. Good Luck
Best time ever: https://stockcharts.com/freecharts/...Y,SOXS,TZA,UVXY,SCO,KOLD,FNGD,QQQ,SQQQ|B|null Looks like you plan to hold these for at least a few days? What's the plan at the 20 ma which rests above all of these? Bullish Kicker QQQ after July 25 Kicker ymmv https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-24#post-5498046
Right, 20s a good target, but I trade tight, eg trail stops at 2dlows, or sell gaps .3 under premkt lows
Ken your an embarrassment . I thought you left for good ? Your an addict . I assure the past 3 months you shorted like crazy and lost 90% of your account .
Completely false, I daytrade long bias ETFs SOXL TQQQ when markets are up (and I swing traded F DIS CGC etc.) Currently I went short the market friday by buying UVXY etc, which will pay off nicely tomorrow if futs stay red. You sound like you lost 90% of your brain lol
Ca-ching!! Yeah here we go, glad I shorted the mkt Friday, long 1040 UVXY etc Current positions, adding up from screencaps above: UVXY: 1040 shares SQQQ: 125 SOXS: 110 TZA: 100 SCO: 35 KOLD: 60 Will aggro scale in premkt if they go up, or sell if gaps fill > .3