In this case, I was trading the 3xetf, SPXL. I had been long
from the 4,170s most recently. Options are a no go for me, not in
my style or appetite. 3xetf is plenty of leverage for me
Everyone has different strategies of course, another of mine is,
I'm not a short seller. If I want to represent a bearish view, I
sell a portion or all of my long trade(s). Cash represents to me
that risk/reward was not favorable enough for me to stay with the
current setup at a particular level.
My other strategy beside my trading strategy is that I'm a long
term investor. The world must grow over time and that means that
the stock market will rise in the long term. I accumulate inventory
at discounted prices (love extreme washouts) and then wait for that
growth to occur. Also, no need to be in invest in individual names
for me, it is more time and hassle than I want to take on. I've
been just as much right as wrong over the years trying to game
individual companies. I stay with leveraged indexes to represent my
view and various other long term funds.
It has taken years to craft a strategy and then just stay in my
lane over and over. It can be tempting to want to get into other
things, though I've learned to just not do it. I stay with what I
know and what I'm comfortable with. It is a good mantra for life to
be honest and myself anyway.
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What ETF do you use,
SPX, I sold the 4,290 area. Was using a 3xetf ...
Posted by piclez on 9th of Mar 2022 at 02:09 pm
What ETF do you use, Direxion? Do you sell with options/puts?
In this case, I was
Posted by fundamentalvalues on 9th of Mar 2022 at 03:00 pm
In this case, I was trading the 3xetf, SPXL. I had been long from the 4,170s most recently. Options are a no go for me, not in my style or appetite. 3xetf is plenty of leverage for me
Everyone has different strategies of
Posted by fundamentalvalues on 9th of Mar 2022 at 03:21 pm
Everyone has different strategies of course, another of mine is, I'm not a short seller. If I want to represent a bearish view, I sell a portion or all of my long trade(s). Cash represents to me that risk/reward was not favorable enough for me to stay with the current setup at a particular level.
My other strategy beside my trading strategy is that I'm a long term investor. The world must grow over time and that means that the stock market will rise in the long term. I accumulate inventory at discounted prices (love extreme washouts) and then wait for that growth to occur. Also, no need to be in invest in individual names for me, it is more time and hassle than I want to take on. I've been just as much right as wrong over the years trying to game individual companies. I stay with leveraged indexes to represent my view and various other long term funds.
It has taken years to craft a strategy and then just stay in my lane over and over. It can be tempting to want to get into other things, though I've learned to just not do it. I stay with what I know and what I'm comfortable with. It is a good mantra for life to be honest and myself anyway.