Today might be a down day

CLOV AMC UVXY TZA nice runs

 

Today might be a down day"

It's never, truly, technically, a down day or up day or flat day. If you can near pin-point the buy and sell spots within the day's chart...you will do very well.
That's what you should be understanding and dissecting -- not the day's overall, average, movement from open point to close point.

 

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Turned out that way/ IWM+ SPY; but good for TZA, TWM, SPXU, SPXS......
QQQ + related still going up about 1 hour until close. The exec in Bright Daytrading CO made a good point, Tech Analysis of Stocks + Co magazine; higher unemployment can be bullish. Technology may make better burgers than humans in MCD.
NOT a stock tip or prediction.

 

I was going to ask the same

 

Did good today wrestling with UVXY TZA

 

How do you day trade the NQ or MNQ when it behaves like yesterday at the open (big candle up, big candle down, big candle up etc.) ? I always wonder how one could profit from that. Serious question, no insult intended.

 

Yesterday, those who traded ES or YM should be happy.

NQ hardly moved. So it was not easy to trade

 

I pointed out some key points earlier ;

Day traders are more concerned about
trendiness,
and how big the day range.

yesterday NQ day range was horrible (only 100 points).
so it was not easy to earn $$$ trading it.

 

Are you trading mostly futures or also options on indexes?

 

I day trade various futures (indices, commodities, bonds ...)