Bought LABU at 30.50, sold today at 45 for a 47.5% gain. I was so convinced in LABU that I put 100% of my funds in it. Less than two weeks into the year, and I now have a 47.5% increase in my IRA. I am beyond thrilled.
My plan from here, if the market stalls, I may try to get into SPXS or LABD for a ride down. Catching a falling knife is tough to do, so more than likely I will not do anything, and instead just sit out for a while and watch to see if we go down from here, or if the market continues to march up.
If the market makes one more leg down as some are suggesting, I will wait for signs the next leg down is over, then read the chart matrix I showed you last Friday, and get into which ever 3x ETF shows best signs of going back up again. It could be GUSH this time around. We will see what the chart matrix has to show at that time.
However, if the market continues to march up from here, I would likely look for any opportunity to get back into LABU on any pull back that may occur. I will not chase it though.
GLTY
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