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Trading Strategy: Trading Notes: Back at the waiting game here. Some weakness in the market but not necessarily a breakdown - at this point it could still be a pullback, and if that is the case, it is not one that I would like to be short on. There is also very little reason to

Trading Strategy: Trading Notes: I pulled the SSO trade setup from yesterday as the price action nullified the entire setup. I plan to watch the price action the first 30 min to an hour of trading before considering any new setups. A lot of traders have become accustomed to the mindset that the market has

Trading Strategy: Long: ProShares Ultra S&P 500 ETF (SSO) *See Notes Below* Ideal Entry: 48.36 Stop-loss Option: 45.97 Target: 55.00 Risk Rating: 4.3 SSO: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of

Trading Strategy: Trading Notes: One of the hardest things about bear markets is that with the size of the big moves that can take place, in both directions, there is usually very limited opportunity to add or increase one's long/short exposure before the reward/risk ratio is distorted far too much in favor of risk. $XLE could be

Trading Strategy: Long: ProShares Ultra QQQ (QLD) *Sent intraday Wednesday* Ideal Entry: 42.32 Stop-loss Option: 40.86 Target: 48.90 Risk Rating: 4.4 QLD trade setup based off of the QQQ Chart. Trading Activity: Setups Triggered: QLD Setups Waiting to Trigger: None Active Trades: QLD Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are not official trades

Trading Strategy: Trading Notes: This is a tough predicament for traders at this juncture. We keep getting these two day bounces that leads you to believe perhaps the market is setting up for a nice bounce, only to see the bottom fall out from it the next day. My initial thought is to short yesterday's

Trading Strategy: Trading Notes: Price action Friday and again in the pre-market today is showing some signs it may be trying to find a short-term bottom leading to a potential dead cat bounce. It wouldn't be surprising at this level considering this market has seen SPY and QQQ both fall ten out of the last

Trading Strategy: Trading Notes: It is amazing how well history repeats itself. Yesterday we the major sell-off following a strong FOMC Rally from the day before. Just as we saw on May 4th/5th. I've taken both positions down to a 1/4 of a position. Both RWM and QID have been amazing trades, but unlike bull

Trading Strategy: Trading Notes: I would say "Happy Fed Day" and be all cringy in the process, but considering they are the worst government buracracy to ever exist, and the root of practically everything that has ever gone wrong from an economic standpoint, I'd prefer not to use the word "Happy" when describing them. But

Trading Strategy: Trading Notes: Just like what happened on May 4th, the previous FOMC Statement, the market is looking to gap lower despite a notable market rally the day before. I mentioned the potential for this yesterday, and was why I didn't close out my positions or try to play a market bounce. While it