I understand. I'm not a common idiot. I don't care if I lose every penny of my $500. I will just refund the account and try again, with new knowledge. Maybe I shouldn't have mentioned the part about being a noob trader. Every time I do that, I get treated like a common idiot. I should have billed myself as an expert, as that's what it seems people usually end up thinking I am anyway, and it would avoid having to go through the various stages of pain for all involved, like the one guy who haughtily announced he was going in for another 100k on a sliding stock against my advice yesterday, about 30 minutes before the market opened and the slide continued. He assumed I was a knowledgeable insider trying to steer him wrong, and I guess he was really sure of it. Point being, I'm not a total idiot, and you can't legally give me investment advice, yadda yadda. Good to get all of the boilerplate out of the way. By the way, I would consider consulting an "investment advisor" about anything to be exactly what a common idiot would do, but whatever. Here is what I posted elsewhere about the outlook for this coming week:
%% YES,KC I did a 20 or 50 year study of DOW/S&P 500 for the month of SEPT; guess which one lost the most??????? I made less in dxd than sdow made last week== but enjoyed it more/less stress.TECS+ SQQQ may stress but @ least they pay well/better for a profit. I think NOV 1st-NOV 16 maybe wild,,,,,,2020 has been more volitile than normal; still long TECS+ related.Maybe nov 16 before we know Trump wins--not a prediction. Considered trading/DRIP, maybe, but that stinking 1 year chart looks uptrendy,downtrendy, confusing/LOL...…………………………………………………………………………. May get back in spxs,start small again, that way I have the option of a reasonable add on + profit reguardless.[I thought these were exclamation points/actually caution signs// even more important with leveraged x3 etfs]
%% UP we go; depends on the stock/ ETF; SPXS,sdow,dxd finished OCT up...……………………………………………………………………... But its still an uptrending bull market you know.
Great points...... guess sp re study Will check drip, I'm in SCO Right re SPXS SQQQ SDOW,, those and TZA are favorites
%% You are right; even though it was not a real big difference. SPY is the liquidity leader, so I tend to do more spxs/spxl/upro than udow or sdow. SPY tends to go up more over a longer period of time; maybe a wild week this week. UDOW chart looks very bearish, not even positive for year...………………………………………..;sdow is beating spxs, last 4 weeks+ last week
Thx re SDOW vs SPXS, right re SPY I follow it and VIX and TRIN closely. Lesson learned = I trade inverses aggressively when TRIN is bearish >1 especially when TRIN >1.5 ....very valuable tip
If one takes this premarket trading at face value, all worry has been erased since Friday. Markets are expecting a big, roaring day today, one article says, with a gain in the DOW. But I've been seeing nothing but doom and gloom articles all weekend, and even lots of worry and doubt in the "good news" articles. Going to be very interesting to see how this plays out today. I'll be glued to the screen for the next few hours...