Posted by mastermind on 29th of Jul 2022 at 10:12 am
Thoughts on LABU/LABD? The pullback in XBI has been mild, but
you would think it would be getting a bounce by now with the market
as strong as it is. It has definitely underperformed in the last
week. I'm not in the index, but have some related stocks that I am
ready to make the next move up - PLRX & TRVI.
I adjust when I get moves on both sides with my % allocation.
LABD moved into the mid $27s from $25s yesterday so I collected on
some into strength I purchased when it was weak.
then I wait for an established range and decide if to move in on
some on the other side, which I did increase my LABU when it came
into the pivot support. Really gonna depend which way the wind
blows for the market of course, though my experience has been XBI
tends to bottom before the market and top before the market. Now
soon as I say that, the market will do something totally out of the
norm. Gotta love algos, quants, other factors, and options. The one
thing I control is monitoring PRICE.
All that being said, I make sure I capture trade profits when
they are available. No wondering if I'll get this or that price
after. I typically do the sell some keep some deal unless its a
powerful move. Using allocation dollar amounts has afforded me also
the freedom to not feel like I need to call a top or bottom.
Objective entry off a support and/or objective sell into resistance
and I go from there. Capture a target, sell some.
I'm currently net long in my spread after earlier adjustments.
That could change in 5 minutes or 2 hours, market decides when and
where. Protect, monitor, and adjust is my favorite song on Amazon
music
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Thoughts on LABU/LABD? The pullback
Posted by mastermind on 29th of Jul 2022 at 10:12 am
Thoughts on LABU/LABD? The pullback in XBI has been mild, but you would think it would be getting a bounce by now with the market as strong as it is. It has definitely underperformed in the last week. I'm not in the index, but have some related stocks that I am ready to make the next move up - PLRX & TRVI.
Here's how I play the
Posted by fundamentalvalues on 29th of Jul 2022 at 10:27 am
Here's how I play the pair.
I adjust when I get moves on both sides with my % allocation. LABD moved into the mid $27s from $25s yesterday so I collected on some into strength I purchased when it was weak.
then I wait for an established range and decide if to move in on some on the other side, which I did increase my LABU when it came into the pivot support. Really gonna depend which way the wind blows for the market of course, though my experience has been XBI tends to bottom before the market and top before the market. Now soon as I say that, the market will do something totally out of the norm. Gotta love algos, quants, other factors, and options. The one thing I control is monitoring PRICE.
All that being said, I make sure I capture trade profits when they are available. No wondering if I'll get this or that price after. I typically do the sell some keep some deal unless its a powerful move. Using allocation dollar amounts has afforded me also the freedom to not feel like I need to call a top or bottom. Objective entry off a support and/or objective sell into resistance and I go from there. Capture a target, sell some.
I'm currently net long in my spread after earlier adjustments. That could change in 5 minutes or 2 hours, market decides when and where. Protect, monitor, and adjust is my favorite song on Amazon music