%% I like those/right on bull market. Also like TAN + sold those because i like to get paid every now + then.....................................................................................
%% Out TECS/TAN; good thing i dont risk as much profit on tecs as TAN or QLD.[IF QLD was in a bear market/that would be different............] May get back in TAN/TECS/ICLN/QLD; not a prediction
%% Me 2/have enough SPXL/upro/SPYG/TQQQ/good uptrend; working into spxs,$4.55.[Edit av price now 4.57/good + liquid ]Cut loss small on TECS...........................................
%% SDOW/spxs are looking good on 2+ 3 day charts; as slow as i type,unless i have an exit order typed in + i do sometimes=i'm better off with spxs 'cause i tend to be in UPRO/spxl or both. TAN still uptrending well/better than my SPYG this week.But TAN can drawdown huge even in a uptrend;+ not quite as liguid as SPXS/UPRO/QQQ etfs . TAN has been a big trender this year.............................................................................................
Right re tan, good chart.... huge divergence between relative strength of inverses, biggest ive ever seen.... wonder why? Sector rotation this strong is a bear signal
Since this thread was started ( roughly I'm using Oct 14 close ), the moves are as follows : SQQQ 20.09 to 19.23; TZA 13.46 to 9.79 . Now noting you are fighting overnight slippage and the trend it seems ( especially TZA ). I don't know why you continually go to these instruments for your trades. Even if you somehow time your trades to maximize your results, you are fighting against what the market is telling you. In fact, taking the exact opposite etfs, and using the same trading efforts and skills, you'd have done far better imo.
Good point, the main reason is the big upside when the market drops. I continuously scale in and out, eg I sold SQQQ gap up premkt today and scaled mostly back out of inverses today as they dropped. I also swing and daytrade stocks though I haven't posted much about those. Agree with your points though, will do more long bias ETF trading SPXL TQQQ TAN and breakout stocks. Coronavirus has got to drop non-tech sectors at some point imo. I still believe a big market selloff is overdue, so I'm long a few k worth of inverses. Everyone post your thoughts about it, let's figure it out? How to scale into inverses SDOW TZA UVXY SQQQ etc.... it's been frustrating af but I fully expect inverses to 2x+ from current levels. Of course I sold most inverses into today's drop and now futures down grrr wtf.. the whipsaws are frustrating.
%% WoW/TAN/icln are still on a super strong uptrend; like an inverse /better to sell to soon than t o late.............................................................. TZA has made some good moves/but i lost to much % on that one; so i stopped trading it many months ago.. Even though i had my biggest loss,15% but went down to about 10% loss when i had time to exit it on SPXS and made more on UPRO. SO really, even if i only made a small% profit or loss on spxs; i'm better off helping the market makers/brokers trading spxs smaller than upro/spxs. Sold ARKF/ EBIZ market orders exits; even if i lose20% on spxs this week + may do better than that/still profit off my ARKF/EBIZ/QLD profits