wild card https://www.elitetrader.com/et/threads/yep-another-hilarious-idea-to-prop-up-stocks.342469/
It's already been down, up, then down again and markets aren't even open yet. I put $50,000 fake money into ES emini. Just a couple hours ago, I was down $30,000. I'm down $4300 right now, but it swings $250 every 1/4 point. So I could be up $100,000 or more by the end of the week. Or the complete opposite!
if inverses gap up ? LOL WTF. How has nobody called you out on this before. Why would be holding 3x funds overnight when you can trade ES / NQ, and have the ability to exit almost 24 hrs a day. Someone said you have 21 years in this business...... Are you broke ? Why would u consider 3x piker funds over futures ?
That's why it is so important not to predict the market, but trade based on what is happening from the charts.
I believe you should look longer-term. Try to predict several months from now. The randomness of a single day hardly matters then. That's why I'm not sweating my loss on SPXS so far today.