I got into SQQQ yesterday at $10.28 (thanks for recommendation).
How would you manage sell strategy from here? I am
inclined to keep moving stops up vs. selling but might be wise to
actually just take some profit vs. just moving stop up? It
swung pretty wild this morning and if I would have moved stop up
too high I would have been stopped out and missed the big rally up
the last hour or so..... I always have trouble with sell
strategy. (funny, I meant to just buy 300 shares
yesterdayand ended up buying 3,000 but decided to just put a tight
stop and let it ride.....better to be lucky than good sometimes I
guess)
blayden - that depends upon YOUR objectives but you can consider
taking partial profits when you get some evidence on the intraday
charts. You don't have to trade ALL or NONE
Hey Steve ...so back when like couple day the mkt started
to crash you said be sure have a hedge so i bought 15k shares of
UVXY so i paide as i remember 12.00 share i sold them couple days
later made around dollar a share ..when we know hwat happened after
that it went to 130.00. Not saying would hav been smart enough to
hold them but that one bit me in the u know what..haha
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All Inverse ETF's (hedges) serving
Posted by steve on 13th of May 2020 at 11:37 am
All Inverse ETF's (hedges) serving their purpose (manage in accordance with your objectives)
I got into SQQQ yesterday
Posted by blayden on 13th of May 2020 at 12:10 pm
I got into SQQQ yesterday at $10.28 (thanks for recommendation). How would you manage sell strategy from here? I am inclined to keep moving stops up vs. selling but might be wise to actually just take some profit vs. just moving stop up? It swung pretty wild this morning and if I would have moved stop up too high I would have been stopped out and missed the big rally up the last hour or so..... I always have trouble with sell strategy. (funny, I meant to just buy 300 shares yesterdayand ended up buying 3,000 but decided to just put a tight stop and let it ride.....better to be lucky than good sometimes I guess)
blayden - that depends upon
Posted by steve on 13th of May 2020 at 12:15 pm
blayden - that depends upon YOUR objectives but you can consider taking partial profits when you get some evidence on the intraday charts. You don't have to trade ALL or NONE
Hey Steve ...so back when
Posted by RP on 13th of May 2020 at 11:44 am
Hey Steve ...so back when like couple day the mkt started to crash you said be sure have a hedge so i bought 15k shares of UVXY so i paide as i remember 12.00 share i sold them couple days later made around dollar a share ..when we know hwat happened after that it went to 130.00. Not saying would hav been smart enough to hold them but that one bit me in the u know what..haha