I’m Answering the Trading Questions You Sent In

You are receiving this e-mail at {EMAIL}, as part of your subscription to This Is VWAP. To remove your email from this list: [unsubscribe here]( [This is VWAP Header]( [ARCHIVES]( TO VWAP?]( LIVE]( [Youtube]( [Twitter]( [Instagram]( [Discord]( [Tiktok]( [News from Kenny Glick] [Notorious Light Hitting Pirate Helps Trader Luck into A NEW way to Make Money]( He couldn’t hit a lick. But he’s tied to a genius new trading strategy that has shown ways to make 4 TIMES….5 TIMES…even 7 TIMES your money on a trade in just a few weeks. [Bull market. Bear market it doesn’t matter.]( I’m Answering the Trading Questions You Sent In Friday, February 10, 2023 Over the last few weeks, you all have sent in a slew of questions about a bunch of different trading topics. And while I was able to address some of the questions, others didn’t quite fit into the topic we were covering. That doesn’t mean they weren’t important to answer however. So today, I wanted to go over the ones that I haven’t yet answered so you don’t feel like you’re in the dark. Let’s get right into it… What a day Friday was made 600 in 30 minutes between AAPL F QQQ, like a !@$% I got back in AAPL after the run up had slowed “hoping” it would go up. Didn’t set stops as I was right there staring at my screen and yes I watched that it drop and take my morning profits with it. I have a hard time holding profit. I don’t have a problem losing it. It’s all backwards at times. I know better but a lot of times I freeze and won’t sell til there’s nothing left in the trade. I trade mostly options so yeah it goes up fast and down faster. I’m the guy in the back!! Any wise words would be appreciated. There are a couple of things we can all learn from this. First off, something I am always harping on about, [and something I touched on last Wednesday]( is knowing when to stop trading for the day. I don’t know about your particular situation, but if I made $600 in the first 30 minutes of the day, I’d be done for the rest of the day. Put your feet up, go watch the Price is Right, and chill. But let’s say your mentality is to trade until you have a loser for the day. In this case, you said it yourself about what went wrong. You got back into AAPL after it went up, and if I look back to the chart, the VWAP was way below AAPL’s price. So in using the VWAP, there wouldn’t have been a good justification to enter into a trade.. AAPL hit its high, slumped back down to the VWAP, and just chopped around for the rest of the day. The other mistake was what you said as well, you didn’t put any stops on your position. With every trade you make, you want to define your loss ahead of time. Draw your lines, define your out, and make the trade to save your day’s pay. And always, ALWAYS trade around price. What advantage is there of trading the Q’s over SPY? Is one more volatile or less thru out the day. Both have expirations for options every day. Overall, curious b/c I have heard some traders say SPY over the Qs. Personal Preference? Trading the Invesco QQQ Trust Series 1 (QQQ) vs. the SPDR S&P 500 ETF Trust (SPY) is a purely personal preference. I trade the Qs because it’s what I know best. The Qs are a lot more exciting, as the SPY is more diversified in its sectors and QQQ is just tech. That means if we’re in a tech boom, you’ll see the Qs outpace the SPY, and if we’re in a downtrend the Q’s will be much lower. The differences are subtle. If you pull their charts up, they often looks similar. But the Qs generally tend to be a little more volatile and more fun to day-trade. I would say try and trade both and see which one works out the best for you. I got a question. You say the UVXY is going to zero. What happens when it gets there? UVXY’s chart is hilarious if you look back to where it started off. Just take a look yourself… Your eyes aren’t deceiving you. That high of 2,448,000,000 is a real number. Well, sort of. Over its 12-year-long existence, UVXY has been reverse split ten times. So when UVXY starts to go down to zero, they split the shares and make it artificially go back up. The splits multiply on themselves over time. So if you do the math, one share of UVXY split on 10 different occasions is worth 1/60,000,000 now than what it was back in 2011. The reason they keep splitting UVXY is because they want people to still trade around volatility. It serves a purpose for traders, so they’re going to keep it around. Taking that high number then that we saw earlier of over two trillion dollars makes more sense now that we know UVXY is worth 1/60,000,000 of what it started out at. The real original price comes out to around $40. So, what happens when UVXY nears zero? The 11th stock split, that’s what. Let me know if this was helpful. And as always, feel free to send me your questions and comments to KennyGlick@MoneyMapPress.com. I’ll see you all Monday morning! Kenny Glick [Getting Started with Basics] [VWAP Dashboard 101]( Knowledge is power! Get a jump on the basics or a refresher to refine your trading chops with our comprensive look at the pillars of the VWAP trading strategy. - [What is VWAP]( - [Multiday VWAP]( - [Earnings]( - [Shorting]( - [Chart Setups](   [Ad]( You are receiving this e-mail at {EMAIL}, as part of your subscription to This Is VWAP. To remove your email from this list: [unsubscribe here](. Please do not reply to this email as this address is not monitored. 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