shillllihs
6,047 posts
msg #137563
- Ignore shillllihs |
8/11/2017 10:31:51 AM
This whole thing is a nice relaxed controlled down, you should be scooping and adding all the way.
This whole thing will last 4-10 days.
Add to Xiv, add to uwt. Just pretend you're waiting for your home to appreciate.
You don't have to daytrade, that's just an illness.
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Kevin_in_GA
4,599 posts
msg #137566
- Ignore Kevin_in_GA |
8/11/2017 12:06:36 PM
You don't have to daytrade, that's just an illness.
++++++++++
That is the smartest thing posted on this thread to date. My tendency is to rush a trade rather than be patient and stick to my tested systems. And today I specifically appreciated this comment - a timely reminder.
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pthomas215
1,251 posts
msg #137567
- Ignore pthomas215 |
8/11/2017 12:24:48 PM
partially offset by kevin's valid point of 'take profits when you have them'. still not comfortable with consolidation periods, which i suppose gets back to confidence in the trade. You guys short inverse ETF's, which is where the margin is. but if you are the slightest bit unsure about the trade, you could be slinging french fries at mcdonalds.!
Just want to point out how freaky this day is. right now, both TVIX and XIV are down at the same time a decent amount, and JNUG and DUST are both up at the same time a decent amount. Or am i smoking something....????
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pthomas215
1,251 posts
msg #137569
- Ignore pthomas215 |
8/11/2017 12:43:06 PM
my fault. makes sense cause of so much VIX increase in post market last night.
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shillllihs
6,047 posts
msg #137570
- Ignore shillllihs |
8/11/2017 12:49:26 PM
Mostly I post things just to convince myself and keep me on track. You're welcome.
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shillllihs
6,047 posts
msg #137571
- Ignore shillllihs |
8/11/2017 1:02:05 PM
These are tough times PT. But I'm not freaking yet. It could get scary but I'm convinced this will not get catastrophic. Just have to stay away from margin and be careful to have enough reserves if shorting.
Maybe having 2 seemingly contradictory trades that you believe will both be up in the near term and or not too distant future, might be a good way to mitigate fear.
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pthomas215
1,251 posts
msg #137572
- Ignore pthomas215 |
8/11/2017 1:24:09 PM
agree shillihs. I suppose in this instance with 2 off days, I am going to move to cash temporarily to sleep better.
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shillllihs
6,047 posts
msg #137574
- Ignore shillllihs |
8/11/2017 2:04:53 PM
The hardest part about adding to a position is having to go back in and having to see how much your account has dropped.
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shillllihs
6,047 posts
msg #137617
- Ignore shillllihs |
8/14/2017 11:07:39 AM
Both UWT & XIV both up, not sure which one to unload, as I think UWT may have a little more down before heading up substantially.
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shillllihs
6,047 posts
msg #137620
- Ignore shillllihs |
8/14/2017 11:48:07 AM
I went all cash
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