Saturday, March 21, 2020 8:38:45 PM
Next week I will be watching for the UUP chart to go down into the 26's (read my PM), and correspondingly USLV to go up into the 40's.
If USLV does reach into the 40's, it's a ~50% gain from where I bought in last week. I don't expect it to stay up in that range for long this coming week (maybe less than a day) before heading back down, possibly to new lows. A quick up and back.
I may place sell order stops below and move them up along the way 2-3 times a day to try to capture as much as I can before the expected drop back down.
If this works, it will take much of the sting out of my UGAZ loss. I may then ride the inverse DSLV back down for another gain, which would completely erase the sting!
Yee ha rodeo.
GLTY
If USLV does reach into the 40's, it's a ~50% gain from where I bought in last week. I don't expect it to stay up in that range for long this coming week (maybe less than a day) before heading back down, possibly to new lows. A quick up and back.
I may place sell order stops below and move them up along the way 2-3 times a day to try to capture as much as I can before the expected drop back down.
If this works, it will take much of the sting out of my UGAZ loss. I may then ride the inverse DSLV back down for another gain, which would completely erase the sting!
Yee ha rodeo.
GLTY
My posts are my opinion. Always trade at your own risk.
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