%% I like to do that/every now + then; but only if i want to get paid/ or it looks like the up gap may not hold ads much as i prefer exit,like QLD/today. Still building a position in spxs.........................................................; much more profitable + fun than the WSJ crossword puzzel.[My mom sent me a crossword puzzle book/LOL/ i said thanks mom i have a better/profitable puzzle that that/ETFs/LOL......................................................................]
%% Typical inverse ETFs trend\LOL Have to wait maybe for SEPT or wait more than prefered\or take a smaller profit like in spxs/out Since they would not hit spxs $4.3o\lower my bid late Like shooting live game. Average hit rate on fast flying\deep dive doVes =20%
%% LOL. I maybe should have printed/ i like shooting live game. The average hit rate is 20% on fast flying deep diVing doves. FED leader Rich Fisher said ''monetary policy is like shooting ducks/ you have to get out in front of them''
%% That looks like the SPXS/SPXU charts, except SPXS is not as good a % gainer or % loser.Took profits on UPRO+ scale in SPXS/aVerage $4.11. Risking a smaller % of UPRO profits on spxs. QQQ =good med/long term uptrend again..........................................................................................
Not trying to sound repetitive but I'm having possibly my strongest month since March/April on the backs of my energy/mining combo. The point is don't miss out on shorter term trends because you think broader markets are overvalued. In particular, it is pretty rare in late December, early January that US markets go down, and often they go on "surprise" rallies. I took slightly more then a 1% hit on Friday but remain up 14% on my account for December ( entire account no leverage ). I attribute the weakness to option expiry action, Oil was actually up and Gold/Silver hardly moved. Some uncertainty on these trades now; stimulus would help, UK trade deal would help, positive vaccine news might help ( not sure how much of it is priced in ). Momentum is positive on all commodities right now, and 2009-2011 these sectors outperformed US markets then US markets went way up. So I think significant commodity exposure should be part of any strategy in 2021 and the nice thing is you don't have to guess where IT is going on those trades. Gold and possibly nat gas have some possibilities of remaining positive in some broader market weakness scenarios ( gold as a fear thing, although that hasn't held up since August, and nat gas can sometimes rally on Oil downtrends ). Good luck but I advise again forget about SQQQ until mid-January.
great point, wtg re energy/miners; i trade gdx vs dust, also daily small cap gappers; just traded TQQQ recently; lmk if any faves, i like ery apa oxy gdx gold slv for many positions i start off daytrading, lik uvxy sqqq morning runs, then decide eod whether or not to swing. since fri had that last minute eod long bounce i decided to lighten up a lot on inverses for weekend hold. i make it a strict rule to swingtrade scale in at 2d highs, or stop out at 2d lows (or just hold if it closes inside prior day hi/low) im in cannabis stocks like grwg cgc etc too, for swings bull spike will likely occur monday if pelosi etc pass stim this wkend these are weak bullish
nice premkt strength uvxy sqqq; now i regret haviing lightened up fri, i'm still in around $5k worth of inverses; will scale up if selling continues this week... go bears
%% I know what you mean/monday; but exit spxs early today/$spxs/$4.1619............................................................... EVEN if spxs goes up more/have to plan a target with inverse/spxs