Had to take this sell, but I will be reviewing to see if there is anything that should have justified re-entering the trade that I didn't see in realtime. Sometimes that's just the way it is. CURRENT HOLDINGS -flat- WATCHLISTS Long - FCG, KWEB, OIH, GDX Short - ARKK, ARKW, BLOK, TLT, WEAT, INDA
Chart for the VTI long entry. Excuse the yellow plots on the lower pane. They're just something I keep specifically on this total market ETF to show the recent swing ranges. They're getting narrower/choppier if you hadn't noticed. My working (always evolving) assumption is that we can expect a pull back into the current range after testing the December highs in the major indexes, which are close at hand. There is a real possibility of resuming a slow / low volatility grind back upward after an initial pullback, but I think a more substantial move toward the bottom of the range (or beyond) is more likely. We'll see. Could be none of the above. CURRENT HOLDINGS Long - VTI WATCHLISTS Long - FCG, KWEB, OIH, GDX, XLE, FXI Short - ARKK, ARKW, BLOK, TLT, WEAT, INDA
Do you ever trade levered etf products? https://stockcharts.com/freecharts/...X,XLE,FXI,ARKK,ARKW,BLOK,TLT,WEAT,INDA|B|null
Rarely. The only time it would make any sense to me would be if I was low on cash and saw a setup that I thought would probably only last a day or two. Otherwise, why give the juice?
That seems unnecessarily stringent based on time alone... How long can you safely hold 3x leveraged etf? https://www.elitetrader.com/et/thre...ly-hold-3x-leveraged-etf.372366/#post-5754866
Thanks for the link. I'm not advocating for or against anyone else trading them, just explaining why I don't. If I want ?x (can't think of that many reasons, personally), I'll increase my size and/or use margin. Consider that I'm not a young trader, so my frame of reference and tolerance for risk is different than someone who has 40 years to harness drawdown and build a trading account. Having said that, as a matter of opinion I do think that less "beta" is probably a better path for most younger / developing traders. I'm sure there are many threads on this site debating this question. It's a good one to research and decide, for one's self, how you want to pursue your goals. Thanks, again, for the input.
CURRENT HOLDINGS Long - VTI WATCHLISTS Long - KWEB, OIH, XBI, FCG, GDX, EWG, SMH, ARKW, ARKK, BLOK, URA Short - WEAT, USO, UUP, FCG, XOP, DBC, INDA
CURRENT HOLDINGS Long - VTI WATCHLISTS Long - KWEB, OIH, XBI, FCG, EWG, SMH, ARKW, ARKK, BLOK Short - WEAT, USO, SLV, FCG, INDA, TLT