It had nothing to do with being patient. I just thought we were now in a bull market. YEs of course I anticipated we would have a pull back but the uptrend is still intact. We should see a good rally and good short squeeze that will prove to be a bear trap.

Hong Kong oil ETF (Samsung S&P GSCI) -45% over night.

“Interactive Brokers lost -$88mm yesterday on CLK0 May Contract from clients being liquidated at negative -37 dollar price… amazing”

Take a look at RobinHood stats on USO (suspended -25% yesterday pending a change in rules presumably to get around taking delivery)

When the market is going down, you have to be short. Buy inverse indexes.

I have a cash account I have no way to do 99% of his trades they are all shorts. I tried to buy puts but you get hammered with the time decay following randys trading style

The earnings expectations for Netflix are sky high.

Spiked briefly AH but has come back down close to the close price. Thinking of shorting a little bit of SNAP after this 20% spike AH on earnings.

he already covered this in a post yesterday

The exchanges make a lot money selling data I think…

I can’t believe algo trading isn’t illegal. Some day traders seek out the volatility in biotech and earnings announcements.

Thanks a lot for this timely active trade update.
Clarifying that you’re back on the short swing trade and going home short helps rookies like me infinitely.
Thanks

Possible but I don’t think so. USO is an ETN (as most, but not all commodity tracking ETP’s are) but it is only a 1x (non-leveraged) ETN. With that being said, now would be as good a time as any to do a little DD (due diligence) regarding the safety of USO or any ETN/ETF you currently hold or plan to trade.

For those without patience, swing trading and investing are most certainly not for them, period. It’s easy to get spoiled on the quick gains as we’ve had over the past several months but those market conditions are usually years apart & usually only last a few months or so. Best to stick with day trading although that has been a dying sport since the proliferation of HFT & a market driven by the algos, pretty much since the days of the dot.com bubble. I’ve done very well day trading this year due to the surge in volatility but day trading opps were far in few between in recent years due to the slow, low-volatility grind higher.