I couldnt help but notice that now you are compounding your problems by trading leveraged instruments. PLUS you are going long by shorting a inverse ETF. If you want to go long just trade the leveraged BULL ETF like SSO or or BGU. Seems ass backwards. Also, you now have violated YOUR OWN RULES for "limiting risk". You said you only trade 20% per trade maximum. Now you are trading 50% on a 3x inverse ETF and 50% on a 2X leveraged ETF.... Playing with rocket fuel now? This is what happens when you have failed testing and system planning. You initially win thinking it works and then you lose and wonder if you system is correct or you are not trading it correctly. You make adjustments to "win back" what you lost and instead find a recipe to lose $$ faster. Now you are just being wreckless. I suggest you stop trading and reevaluate your data and system. Paper Trade it after you review it and start again. Good Luck N54_Fan
So how bad did todays open hurt? Leveraged instruments with no stop and at market tops are a recipe for disaster.
Hi there. Shorting the inverse to go long is to take advantage of volatility decay inherent in leveraged ETFs. The effect is minute for shorter-term holds (as opposed to, say, holding it for months) but I just want to extract every advantage I can trading. I only go 20% per trade maximum on individual stocks, not when trading the index. I would have gone all in on SPXU.