Time to Hedge against the DOW Long

UltraPro Short Dow30Arca

Description

⋅ Oct 21, 2020 8:09 PM

I'm bullish on many stocks rn but overall i'm still bearish on the market i think it's about time to buy some SDOW to hedge against some of my longs.

I have no particular bullish targets for this trade but i do have a set stoploss.

Trade active

⋅ Oct 21, 2020 8:09 PM

Trade closed: target reached

⋅ Nov 6, 2020 6:51 PM

Trade active

⋅ Nov 6, 2020 6:52 PM

Might bounce back up again from here reentering

Trend Analysis hedging

Comments

coldfire007

⋅ Nov 23, 2020 2:22 AM

you got it wrong. this week market will lose 7%, good for SDOW, but the week after that its free fall since the market will go higher.

RizeSenpai

⋅ Nov 23, 2020 2:42 AM

@coldfire007, This trade has already played out and reached the top of the bullish harmonic pattern. I'm not really sure what you mean when you say i got it wrong mind elaborating?