I'm a small fry compared to some people around here but that's around 5% of that account and less than 1% overall including futures, other trading accounts, etc. Apropos, the really sad thing is I tried to take advantage of some of the post market post-AMZN earnings dump with TQQQ but was a little slow on the draw. I flipped out of SVIX right at the TQQQ drop to 40.51 but was a tick late trying to get back out at 41.55 so now it's looking like I might have to go flat at break even. Que Sera, Sera
Ken, the spirit of the law and its enforcement is to prohibit false advertising and statements that mislead customers. Trading “educators” are not prohibited from disclosing actual trading results with the disclaimer they are not promising the same or similar results to anyone who buys their products or services. You and other vendors like Al Brooks lose a lot of credibility by repeating the same lie over and over.
You’re honest, I am bummed about your loss because you’re straight forward. RH is fun to trade, it’s like swimming 2000 meters wearing a weight suit and a chute.
Market internals are key, especially on reversal days - $SPX up/down volume ratio. Started off strong, almost went negative around 1030am, then ripped higher strong into the close:- After the 400pm close (make that after 330pm timeframe) futures were different story. Got to watch it all.
They have a good mobile app and this is my office where I do most of my trading these days so I need it
Nah you will make that back in no time. That's a drop in the bucket. Tomorrow might be a down day judging by how the futures is trading so if you are still long in UVXY you should earn some +ve returns from your position.
VIX is cool. They have large price swings and they have relatively low margin so you get bigger bang for your buck. And they are structured like a stock so they are easier to trade, no need to figure out the expiration date, the contract size and etc.