Nearly $30,000 in just two days!
Yes, you read that right – nearly $30k in just two days! Yesterday, I closed out with $17,000 in profits, primarily trading $NFLX and $UVXY.
Today, I made $11,800 trading $UVXY, and also $DWTI, which is a crude oil, inverse ETF.
There are some valuable lessons to be learned here. I have been watching (and shorting) the market for the last month as its been in free-fall. It’s been approaching a significant support level. It broke through that level, flushed, and then rebounded. This happens often; a highly-watched support level will be broken, creating a bear trap, then bouncing back up through the support level.
But, it’s important to find the best stocks and ETFs for your style of trading. Rather than trading $SPY long, I short $UVXY. The $UVXY ETF, which is a leveraged ETF that tracks volatility, provides a lot more power than $SPY. As a short term momentum trader, that’s what I’m looking for. I recorded a video to explain in more detail.
Today was very similar; I shorted $DWTI, which is an inverse ETF correlated with crude oil – when crude goes up, this goes down hard. As I saw oil bouncing today, I shorted this for significant gains.
Of course, I’ve been making the majority of my money lately on the short side, which is why I held this webinar on profiting in bear markets. The webinar is over, but you can still access the recording HERE.
If you have any questions at all hit me up at [email protected]!
The post Nearly $30,000 in just two days! appeared first on Day Trading Online | Learn How To Trade Stocks.
Source: http://bullsonwallstreet.com/nearly-30000-in-just-two-days/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).