roger LABU is a 3X leveraged ETF that rebalances daily, it
degrades. Now it doesn't degrade as badly as some other 3X ETF's
did in the past like UGAZ but it still degrades some and over 7
years that will add up. Daily time fame over I think 3 - 6 months
is fine, but 7 year monthly chart?
image shows XBI and LABU - LABU is not at the 2016 lows, still
nearly double the price from there 43 vs 98.5. Whereas LABU
is back near those 2016 prices - so LABU has degraded 50% over that
time frame. again LABU doesn't degrade too badly, I can holds it
for days and weeks no problem but over years not a good idea and I
don' think the LABU chart from 2016 lows has any meaning to now,
best to look at XBI
LABU bouncing hard near support Makes
LABU monthly making a bee line for the baseline. Could ...
Posted by roger on 14th of Jan 2022 at 02:46 pm
LABU bouncing hard near support
Makes sense since stochastic o\s
roger LABU is a 3X
Posted by matt on 14th of Jan 2022 at 02:56 pm
roger LABU is a 3X leveraged ETF that rebalances daily, it degrades. Now it doesn't degrade as badly as some other 3X ETF's did in the past like UGAZ but it still degrades some and over 7 years that will add up. Daily time fame over I think 3 - 6 months is fine, but 7 year monthly chart?
image shows XBI and LABU - LABU is not at the 2016 lows, still nearly double the price from there 43 vs 98.5. Whereas LABU is back near those 2016 prices - so LABU has degraded 50% over that time frame. again LABU doesn't degrade too badly, I can holds it for days and weeks no problem but over years not a good idea and I don' think the LABU chart from 2016 lows has any meaning to now, best to look at XBI
I'm trading the 3X ETF's
Posted by roger on 14th of Jan 2022 at 02:59 pm
I'm trading the 3X ETF's so that' what I gauge it by irregardless
Besides, I'm an active trader and will trade both ways intraday if I see an opportunity
Entered at 22 off the 3 min psars
I have a proprietary indicator that showed an area to bounce where it did.