Go ahead, show us your entry and exit of your "20K in inverses trade" in December. Now look at exactly what your double guarantee said. It's failing. Have you picked out the charity yet ? From December 10th : Pretty accurate take on things. From December 17th :
Let's see where the Grinch is at with a week to go : UVXY 23.52 --> 17.65 TZA 31.08 --> 35.36 SQQQ 34.55 --> 41.27, SCO 16.30 --> 10.41, KOLD 52.75 --> 49.66 What's funny is when he starts congratulating himself on any down move and pretending I'm wrong about something. Thanks for the chuckles Kenny .
Wait til 1/31... Powell talks wed. I was in and out of inverses all day, bought some for swing aftermarket. Inverses getting bids aftermarket. I think they're overdone here. I call bs on mkt bounce, its likely to drop hard again soon. HnS inverses, inverted HnS in S&P. V shaped recovery. I'm rebuying inverses, glad I don't have to chase. Definitely a trader's market
Now you get to watch the futures all night and hope you guessed right. More like gambling than trading.
Tru re watching futs, lol, whenever I get up at night I check cnbc on cell phone. Was pleasantly surprised when last night flipped green to red. Not gambling though as I'm just buying a few hundred shares, and reasons to reshort are there, eg today's morning drop, bearish street sentiment etc. Plus they sold back down to key s/r level near today open/yesterday high. Should be a great week.
Did you exit near the -1000 Dow? I figured you took some. Pissed I had 15 SQ $110 around 3.25 ave out about in and out $5s. Dam thing hit $10, my gut said “go buy a beer and wait till 4m to dump”!
Bought SOXL $39, WANT hi $50s, FAS $108, -$109, FNGU low $20s and Bank10 $49. You get credit for posting when most don’t, nice trade!
SOXL is my favorite long-bias etf for daytrading, fwiw, great intraday point range. For inverses LABD is great re range, nailed the bounce in it today
I love SRTY and LABD, best part of Inverses you can walk away without worrying your gain went up in smoke. Sold my cash play, had bought few thousand UL at $46.25 because I figured in this Market shareholders did not want another Kraft mess