kamran- first off
be careful using 3X leveraged ETF's, don't over margin yourself-
too many people get into trouble with leveraged ETF's, while
the gains will be 3X so will the loses and if you use margin on top
of it, that makes it worst. For example if someone places
100% of their account into a trade and used the 2X overnight
margin, and the bought a 3X ETF, they would have 6 times the
leverage of the 1X ETF, so if the system took a small 3% loss, it
would be 18% under this scenario
anyway regarding the 8 day SMA - when price closes over that as
I stated the system will decide at that time whether or not to hold
or exit the trade, I can't tell you until it happens, it depends on
what the indicators are doing - so best to wait until that time.
Of course if you wish to take some profits feel free,
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SPXL
SPY Pro and Ver 2 systems long position confirmed
Posted by kamran on 30th of Jan 2014 at 11:08 am
Hi Matt,
I opened SPXL position yesterday, Should I use 8DMA for sell order?
kamran- first off be careful using
Posted by matt on 30th of Jan 2014 at 11:36 am
kamran- first off be careful using 3X leveraged ETF's, don't over margin yourself- too many people get into trouble with leveraged ETF's, while the gains will be 3X so will the loses and if you use margin on top of it, that makes it worst. For example if someone places 100% of their account into a trade and used the 2X overnight margin, and the bought a 3X ETF, they would have 6 times the leverage of the 1X ETF, so if the system took a small 3% loss, it would be 18% under this scenario
anyway regarding the 8 day SMA - when price closes over that as I stated the system will decide at that time whether or not to hold or exit the trade, I can't tell you until it happens, it depends on what the indicators are doing - so best to wait until that time. Of course if you wish to take some profits feel free,