285 point rally today in RTH preceding the 510.25 (as of now) point drop. Navigating a bear market (which this is trading like currently) is much harder than a medium/low paced bull market. Glad to see you was able to catch a piece.
Yeah it's brutal man sorry shouldn't be doing high fives on a day like this lol I'm down. Al ost as much in my longterm portfolio, my only goal when shorting the index is to try to make enough that the losses on the other side equal out, then want to lift the hedge and be long again, it sucks eating shit like this on a day like today in all my retirement accounts
For the Canadians out there looking for safety right now WCP.TO trading at 9 bucks with a safe 8 percent dividend, just picked up 5000 more shares, willing to add to that all the way to 8 This stock trades pretty similar to a bond if they cut rates in Canada it becomes more valuable
Yeah i have VWAP plus the standard deviations i don't use the standard deviations to trade off jus a good heads up that if your 3 standard deviations away from veap you generally don't want to take a position there,the bands show me if it's a dumb idea to add and its too much of a chase Like the way I use it if your three standard deviations away from vwap you know that it's dumb to continue adding to a position
Yeah that's true on parabolic shorts on day one you want to try to short it as far away from vwap as possible but that's a different setup
QQQ and NQ will most likely find aome consolidation here tomorrow, market usually takes a breather after days like this, we will see but my opinion is range bound tomorrow Don't think it's going to be a fire sale right from the bell like it was yesterday