Direxion Daily S&P Biotech Bear 3X Shares (LABD)

[THREE-DAY-TRADER]

OK, I'm in LABD for a starter near 20.80.
If it drops toward 19.50-20.00, as a contingency I will add a 2nd time.
Also I will apply a stop-loss @ 19.25.

That's how I'm playing it. I won't tolerate holding this below 19.25 (which would be a new low below latest support near 20.00).

If my stop-loss triggers, then I can look to re-enter lower at another time in the future.


If it rallies in near future for a short while for a possible 'quick flip trade', then I foresee a good chance to exit quick @ 24+ minimum.
...And 27-30's possible on a swing trade if we are soon near bottom (19's or more, etc.)
-------------------------------------------------------------------------------------------

I alerted my subscribers earlier already on e-mail with specific trade strategy details.