I've been expanding my trading experience by dipping into day
trading lately. I'm following a guy who is obviously successful.
However, in the few months I've been following him, he has been
touting a solid BUY BUY BUY on UXVY. I've watched as his
subscribers have been trading against the trend the entire time.
They'll get lucky and catch a bounce, but overall, this thing is in
a powerful, unwavering downtrend. This is the daily UVXY. He's been
bullish throughout the entire downtrend channel. I've pointed that
out to him. He's trying to pick a bottom where there's apparently
no fear. Rule #1 - never take a big loss. Rule #2 - don't fight the
trend.
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I've been expanding my trading
Art Cashin pretty much agrees that a LOW VIX is ...
Posted by Trendie on 23rd of Nov 2022 at 11:30 am
I've been expanding my trading experience by dipping into day trading lately. I'm following a guy who is obviously successful. However, in the few months I've been following him, he has been touting a solid BUY BUY BUY on UXVY. I've watched as his subscribers have been trading against the trend the entire time. They'll get lucky and catch a bounce, but overall, this thing is in a powerful, unwavering downtrend. This is the daily UVXY. He's been bullish throughout the entire downtrend channel. I've pointed that out to him. He's trying to pick a bottom where there's apparently no fear. Rule #1 - never take a big loss. Rule #2 - don't fight the trend.