%% I started in spxs this week its down >5.55%; no problem. Its a % of my long ETFs + i've made more in inverse ETFs than i ever made in insurance. Actually when one makes money on property insurance it usually means you overpaid on your premium. Wild year; the lady that printed my weekly tech chart gave me a silver quarter back/LOL Can pull a profit out if one waits,usually.Actually i dont mind cutting a loss,maybe a smaller % of profits...........................................................................................TAN up also,not in that yet.
They were seeing 2016 in their heads, when the markets tanked briefly and sharply? But what bugs me to hell is this, from our resident magical pencil dude... https://www.elitetrader.com/et/thre...sqqq-sdow-tza-uvxy.351318/page-9#post-5240925 "...If you're short this week.... via puts or whatever.... odds are you're gonna get royally f'd to zero by Friday. Sometimes you just need to sit on your hands guys. jmho." *shakes fists at your pencils!* @vanzandt
Thanks, Overnight. I see -- some guys were trying to trade based on speculating on the election. SMH. If you take out the overnight futures action in 2016, the indexes bottomed on the Friday before the election and took off after.
Well, you didn't say it, you just thought it. Like how I think the indices will always go up over time. I act on it, at least, and I blame Canada for all my losses when I decide to abandon my plan and bail on sure winners.
Bought SQQQ UVXY SPXS small size on gaps up, inverses are trying to pivot. Market has been running up and down in 4-5 day cycles. Also bought pot stocks yesterday.
%% WHY even mess with bitcon?? I did mess with Maryjane/pot as a youngster+ still enjoy hickory smoke LOL Inverse can be a hood hedge; actually turtles made billions off low probability trades. I like hi vol stuff; but med vol like SPYG selling today/ is a good hedge for SPXS. NOT a perfect hedge/good inverse...………………………………………………………………..
No, because the greatest economic crash in the history of the world seems to be almost here, and I don't want to miss the climb. I've seen this coming since 2013. It's been building since 2008. It's going to be epic. I took a risk and stayed in yesterday, because I felt the worry and uncertainty has got to keep climbing, given what I know about how the election circus will progress. Looks like that paid off, at least for the moment. He's assuming the election will be decided in Trump's favor by this weekend. I doubt that. My belief is it will stretch on for weeks, and in the mean time, lots of turbulence. Actually I'm 100% sure the tech sector is going to crash hard, 2000-style. The only question is when?
Why mess with bitcoin? Because it's going up! Just following my momentum indicators. Cannabis stocks may be breaking out of long base here.