Let my example be an example to you all. Overtrading is silly and makes you no money. I have a conviction that the market is headed much lower and I want to hedge my longs. So I buy lots of ultrashort S&P (SDS) in anticipation, and make real $$. Then, I try to get cute and try to avoid the short covering spikes.
This is silly. It's overtrading and it makes you enter positions at the times OPPOSITE what you should -- after the move has already begun.
I am opening new shorts tomorrow using SDS and QID, and I'm not letting go.
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