I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Stock trade 2.
Stock trade 1 ended with 6019,75 $ profit. Total capital is 16019,75$.
I moved the following positions from stock trade 1:
100 LABU entry price: 41.11$
100 LABU entry price: 41.79$
Total position 300 LABU
At the end of the day the "Unlimited buyer" enters and pulls back the price. While S&P is running I'm not afraid that LABU will fall too much.
The election war will end soon so whatever Clinton is saying sooner or later LABU will break out.
It will be so powerful that a retail trader like us will not be able to enter after this breakout. We have to be in by that time. I was playing in-out in the last few months but now we broke out of the consolidation. I don't want to wake up for a news that XYZ Biotech company has found the cure for cancer . How will you enter if LABU opens at 70$ one day?
And even Clinton is punishing BIO, she also said this is the future. There is the innovation.
So if S&P rallies LABU will not just follow it will pull up ths stock market in 2017.
Arpi - While you're watching your Oil go to light speed - I've done a reasonably good job of selling off some LABU on the highs and picking it up on the cycle lows. Learned from your comments! My quick question here is on this latest cycle, do you think we are we going to hold the DCL trend line (red dots) or the 200EMA for XBI (red EMA), and why (for our learning!)? Thanks again - LABU has been my BIGGEST winner of the summer.
IS THERE ANY NEWS THAT CAUSED THIS DOWN ?
WHERE COULD WE HAVE INSTANT INFORMATION CONCERNING THIS ETF ?