Lol okay there man. dj30 and spy down 2.3% & 1.9%. nasdaq down 1.5%... Friday may be a down day as well, hopefully. Happy to buy nasdaq stocks at when the index is 9700-9800.
Are you selling anything? I'm letting go of 2 to 3 short etfs DRIP SMDD SPXS Loaded up on these and cost averaged down the last 2 weeks. Green today. Will sell and buy them back after markets rally
I should sell my tiny PENN CAR etc in my 2nd account. I just bought more inverses bc gap up though they may drop, scaled into them for weekend hold
I think we are the only 2 who trade these short 3x etfs but I wouldn't be buying them on a huge premarket drop. I'm surprised you are. I just sold off 1 premarmet a moment ago. Short spy etf 3x.
Yeah it usually bites me in the ass when I buy gap up inverses... My thinking is markets overbought, biggest red open in weeks, I'm adding to winners from overnight and its for weekend hold red Monday etc
I never ever ever ever ever ever buy bear inverses on huge gap downs, you will be paying 5%-20% more...i do the total opposite. Buy them when markets are rallying hard.
Just hoping for big 200pt 10 minute swings setup to trade that madness be a trillionaire in no time, billions are worthless these days.
Thats what I want back, these last 2 months haven't been all that volatile. I hope the vix starts to spike above 35-40 range.