I was successfully daytrading UVXY today, surprisingly strong prefed selling. I trade up to 1400 shares during UVXY spikes.
I already made my money in the morning, unless I see a trade I NEED to be in, I'm just gonna jerk off and watch the fireworks.
Plan to trade the reaction to the reaction. Then trade the reaction to the reaction to the reaction. Then have a steak and a beer.
Probably you are right. The Fed will continue on its path of market manipulation. 2 or 3 hikes is meaningless. It simply means that the Fed wants inflation to continue.