%% TQQQ was a good daytrade, i never had time to buy it; SPXL or UPRO also....................... I was trying to buy FNGU, but it never went up enough\ as of lunchtime\ bear trends still looks good..................... SPY could close up a bit today\if it closes @ lunch levels i may not buy SPXL, SPXU. But like jim Cramer says, always a bull market somewhere\if we cant find that one /LOL always a good downtrend somewhere. TGT+ FB downticking. TGT downtrending good again.
Coin flips are independent events. Market movements are dependent partially upon state (sentiment, positioning, psychology, geopolitical, etc). For those who carry positions overnight, what I do today depends partially on how I am positioned coming into today -- state established in the past.
today 5/23/22 is my first time in a very long time buying and holding uvxy overnight for going long. it is a small holding...we will see what tomorrow will bring...
I went long shortly after the open. My reasoning was with the Euro, Pound, AUD going up so much there was a high probability of a equity rally. Looks like with USD dropping 3% now in a week or so it could be the start of a global rally. I think UUP could drop down to $26.50 which is the 100-day SMA.
One trade I had reversed so, I exited the put and bought a call instead. I have no problems switching positions if the other side is the stronger trend. That is where the bigger gains can come from. Most of my positions going the way I expect them to so, staying put.
i think you maybe right...first time for me holding uvxy overnight in a very long time...should had gone thru my trading journal. based on my stats of holding uvxy overnight for going long, my winning rate was 30%...oh well...have to take a L on this bet...very minor lost. we will see tomorrow...