%% Profits still ride on spxs; took profits on ERY@$78.888 area/market order. Semi liquid energy bear/I think that Proshares was reduced by company from 3X to 2x, if I remember right...…………………………………………………………………………………………………………………..NOT sure if BP huge monster loss had anything to do with it, today?? {Another strange pattern; gasoline bids still dropping @XOM,MRO , even with hurricane season ,hurricane.....]
Thx re ery; gold bear DUST up too. Right re SPXS, it and SRTY good leverage. Today UVXY SQQQ best gap runners. I tightened my trailing stops on most positions 70% of shares to bank profits in case market bounce by eod. Learned that the hard way.
%% I'm still exspecting a weak week for dow,maybe spy; good for spxs,dxd,sdow…………...……………………………………………...ERY has had some good trends; BUT like FAZ= it is a roller coaster /LOL Actually an inverse etf like ery helps oil companies- Art Cashin says ''shorts help fuel the rally/LOL/true ''...…...…………………………...……...………………[Still in SPXS, but made profits on TECS,dxd,ERY,today…......………………………......……..[IF I was only in SPXS alone inverse /would have sold it today, already/10;48 CST]]
Good points, FAZ is strong recently so I bought some. Usually it's finance, small caps and tech that lead markets up and down. So FAZ TZA SQQQ look great especially if they take out 20day highs
I got two nice carry-overs, SRRK and TUP I recommended to a friend in a Private thread. Still can't get myself to sell Tup.
6:20pmET sold a lot of inverses aftermkt to lock profits in case adverse gap tomorrow; remembering my "buy the dip, sell the rip" lessons learned up $1100 today -- woot current weight: $6000 475 shares
Great patients, glad you crushed it! Looking at the ten minute chart do you think I violated any rules by buying BGFV at $6.20 during its collapse? I bought it originally at $4 sold at $8, bought back at $5.9 and sold at $7.50, bought at $8 sold at $9.00. Today with no BGFV I thought it was worth the risk, would you have considered it a falling knife trade? Thanks Ken!
bgvf nice v shape; no re falling knife, playing pivots off whole # bounces is smart; wtg bought a few k inverses premkt