He bought 90 shares of spxs for a total of around $900. Does that size sound like someone who really needs mtm accounting ?
500 SPY = 1 ES, Bro. WTF is wrong with you? "Someone killed Kenny!" You've been "doing this for decades" and you're trading inverse ETFs PRE-MARKET. Odd lots at that. Whatever you're paying Baron is too much.
The smart traders who can resist rubbernecking to see a train wreck left long ago...when a "30+ year veteran" started talking about trading inverse ETFs pre-market...in amounts that would hardly allow anyone to trade for a living.
Thanks for pointing that out. I was running with some of the various S&P inverses and the one you mentioned looks like a better option. Have you found its 3x bullish counterpart moves similar? Or would you recommend a different inverse for the long side of things.
%% WELL, if its SDOW, not long, even though may, maybe down much more in may, for that one...……………………………………………………………………………………………………………..
%% WOW/good diversification; I got some amazing price improvement on ERX,but stlll accidently turned a profit into a loss.Fairly sure it will go up more in may with oil, but on a trade just got out of it-had a good sell order /$16, but too late...…………………………………………………………..Lookslike TZA close above 200dma, in may/hey...……………………………………………………………………………………………………….
Here's today's buys I did premkt, goal is to trade in and out intraday while building sizable winning swingtrades. Initial exit target just below March highs in inverses. May 14th premkt entries #winning