ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Some of you may have already noticed, but my team has taken this very bullish market day as an opportunity to close out the majority of our trades that trade with the SPY. Our bullish stance on most of these companies still stand, but we just don't see any opportunities where we can capitalize and make a profit from them in the near-term.
My team isn't against trading with the retail crowd, but we do not plan to rush to our deaths. Instead we will be investing our funds into a SPY inverse ETF. Lucky for us this ETF is down -17% today because futures jumped so high today.
This is simply our opinion. Feel free to hold on to your positions, you will be rewarded in the long-term. My team just expects further discounts on these companies in the next couple months.
@ezwass Retail liked what Powell said today, but we have to wait until tomorrow to see what the rest of the world thinks. Don't want to get caught up in a SPY bull-trap.
CookieMonsterr04
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Agreed bud. I added on a chunk at 16.05 today (been holding since 14s) and even went back and added at 16.30. This is a few month hold most likely. Well see but I think this will do insane percentages.
SimplyShowMeTheMoney
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@CookieMonsterr04 You are a smart man! Thats a great entry! Good luck and thanks for commenting!
CookieMonsterr04
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@SimplyShowMeTheMoney, I stopped out of yesterdays buys. Very minimal loss. I see those puts for a few weeks out but looks like SPY to 477/ 478 first. Sadly. What a scam.
SimplyShowMeTheMoney
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@CookieMonsterr04 Thats why we own shares not contracts. Sorry to hear that!
CookieMonsterr04
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@SimplyShowMeTheMoney, Ill revisit at $9. SPY is going up this week .. I dont like it either but all time highs this week is coming. Sure, its at its top and there will be a crash and needs to be a crash coming but no need to bag hold something like this.
"Closed Trades: TLRY CHPT GORO PINS MU BABA FB KOS CLF GE SNE TARA LODE MIRM CINR"
Does it mean all your previous "entries" are very bad decisions and you just leave them while being in red???
Most of them are pretty bearish.