How I'm Trading the Selloff: Live trades (Nov): SQQQ SDOW TZA UVXY

Discussion in 'ETFs' started by KCalhoun, Oct 14, 2020.

  1. KCalhoun

    KCalhoun Sponsor

    Nice to see breakouts in SQQQ plus pivot UVXY today -- anyone else trading them?

    12noon tightened trailing stops

    sq14oct.jpg sqqq14oct.jpg
     
    Last edited: Oct 14, 2020
  2. %%
    Almost got in sdow, its going up ;
    but sqqq + related are trending better. Got in+ out before noon CST.
    Took some long profits earlier today/may get back in long tech ETFs...……………………………………………………………………………………………………………….
     
    KCalhoun likes this.
  3. KCalhoun

    KCalhoun Sponsor

    Good to know... I like SQQQ between here and 29, and UVXY from here through 22. Am in those plus SDOW TZA etc, will scale in. Hope to see s&p under 3k by election
     
    murray t turtle likes this.
  4. Was a clean break on SQQQ (30 minute chart), I went long some VXX calls though.

    I used to play TVIX, but that inverse ETF is no more. I had heard some institution has filed for something similar to TVIX, it's not up and going. But does anyone know something of similar nature like TVIX, it was really a rockstar of an inverse ETF, unlike it peers! ;)
     
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  5. KCalhoun

    KCalhoun Sponsor

    I miss TVIX like a girlfriend lol, it was my favorite thing to daytrade, miss the 4+ point trading ranges. I trade UVXY, not nearly as volatile. Right re new etn coming from someone else, haven't heard news though.. fwiw I am very bullish on UVXY bounce soon
     
    Monica Langer likes this.
  6. %%
    I like the proshares viv going up 45% in one week...then 71%/LOL; but I prefer a sdow or sqqq/tech inverse related. smoother swing/position trade trend.
    I seldom swing trade those, but have done that this year/usually when TQQQ is not uptrending well= is usually a signal for me.
    SDOW, tqqq, qld,qqq , UPRO are still up % this week. most of those ytd,...……………………………………………………………………………………………………………….
     
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  7. KCalhoun

    KCalhoun Sponsor

    nice gaps up so far

    sqqq15oct.jpg

    current positions
    fdly15octa.jpg fdly15octb.jpg
     
  8. KCalhoun

    KCalhoun Sponsor

    just bought $4k more premkt to scale

    fd15octc.jpg
     
    murray t turtle likes this.
  9. Good;
    33/+minutes 'til close/ scaling in QLD...... ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, orders on qqq
     
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  10. KCalhoun

    KCalhoun Sponsor

    I have got to improve my discipline to follow my "don't buy inverses premkt" rule. I took a small stop in TZA, letting others stay open since they didn't take out 2day lows, my sl for swings. Tomorrow's important re decision time to put on size or not for weekend hold, I'll wait til 3:30 to scale up.

    Interesting re qqq/qld, I used to trade TQQQ long ago
     
    #10     Oct 15, 2020
    murray t turtle likes this.