Choppy dead cat bounce, tight stops on remaining small share inverses in case rally l8er today. Will re enter SQQQ UVXY etc if they take out 2day highs later in week MRNA nice pop, TLRY on watchlist
Sold nearly all longs I bought Thursday and friday....now will wait for another collapse to buy back Adding in shorts now
Those high flying fist pumps in this picture have me selling!!!!! Not falling for this rally. This is just a head fake Take profits where you can!! TOP NEWS LIVE TV Dow jumps 800 points in volatile trading as Wall Street tries to recover from massive sell-off Stocks rose as Wall Street tried to rebound from its worst week since the financial crisis amid fears of the coronavirus outbreak.
Death of the dead cat bounce? Hope so, took sm stops sqqq tvix partial exits Since big green day I'm not adding to inverses, letting small shares ride overnight, eg 10shares tvix 50 vxx etc
I had 50 UVXY I needed to sell. I sold at 23.45. That is the highest it has been in a while. I thought for sure it would hit 50+ will all the volatility lately, but it never popped that high. I bought most of it at 12,13. It was hovering around 10 for awhile last month. If it drops that low, I 'll buy it again.
Well done! I learned the hard way don't hold VIX etns for long , eg buy dip, sell the rip on pullbacks VXX UVXY TVIX
Why is gold moving with the markets? Last time someone said because you can't buy gold if you're scared to leave your house and catch a virus. Lol. Not sure if they were kidding, but that's not it.