Wednesday, July 18, 2018 2:55:08 PM
I have also starting trading TNA small. From my ibox you can see that I also track FFTY, MTUM. For now I am trading SPY (the dog, but steady) and QQQ mainly.
I really haven't settled on what I will trade for the next HC up, but I want to go above 200% investment with something.
I really like FDN, but it poses a special case. There is no 2x or 3x fund, so it eats up a lot of capital. I actually bought an option in my large account in June. I traded deep into the money ($15) so the time value was only 1.04 at the time I traded. I have lost 70% of the time valve, which has cut my gain by about a third. Not happy with that. Should have bought a Dec option rather than a August. May just have to go on margin in my small account because 100 shares would be way too much for it.
As I said over the weekend, I have been trading off a 15min chart, but I sorta like the 30min version which Jaws trades off of. Paper trading I got fewer whips. I am now watching both and will decide at the time of trading which one I will use to trade. Could use both for a while.
It took me way too long to realize that leverage is the key to success. It is almost impossible to beat the market (B&H) with out leverage because of whips and slippage.
I am always on the watch for other ETF's. XLF and BIB are maybe good ones to start watching. But really the big 3 (SPY, QQQ, IWM) are really all that are needed to be a winner.
I really haven't settled on what I will trade for the next HC up, but I want to go above 200% investment with something.
I really like FDN, but it poses a special case. There is no 2x or 3x fund, so it eats up a lot of capital. I actually bought an option in my large account in June. I traded deep into the money ($15) so the time value was only 1.04 at the time I traded. I have lost 70% of the time valve, which has cut my gain by about a third. Not happy with that. Should have bought a Dec option rather than a August. May just have to go on margin in my small account because 100 shares would be way too much for it.
As I said over the weekend, I have been trading off a 15min chart, but I sorta like the 30min version which Jaws trades off of. Paper trading I got fewer whips. I am now watching both and will decide at the time of trading which one I will use to trade. Could use both for a while.
It took me way too long to realize that leverage is the key to success. It is almost impossible to beat the market (B&H) with out leverage because of whips and slippage.
I am always on the watch for other ETF's. XLF and BIB are maybe good ones to start watching. But really the big 3 (SPY, QQQ, IWM) are really all that are needed to be a winner.
Trade the Charts and not the Heart - Expect the trend to
continue until it doesn't - Realtime is the real deal
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