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rolledchange
Jul 29, 2022 5:59 PM

Easy Long - THIS IS NOT ADVICE!!! Long

Direxion Daily Semiconductor Bull 3x SharesArca

Description

congress providing fundamental promise with passing a bill that could influence markets to buy this ETF, Technicals are setup to look for a return to previous levels off the backs of a strong Bulldiv rally from oversold levels, setting a stop below the recent swing low allows for a technical trade plan that removes emotion. The simple R/R lines up with the bottom of the recent range making it conservative, too. if the position is large enough, it could be managed through selling calls and use the premiums to hedge against a drop, just close out any short calls before dumping shares and make sure any short calls are sold with a strike above entry.

NOT ADVICE, SIMPLY FOR FUN AND THEORY

Trade closed manually

closing this early because of the international differences between us and china. once dust settles from Nancy's visit i will look at this again.

scalped
Comments
Nickquick7
I’m in 18s targeting 23-25
Nickquick7
@Nickquick7 sorry in 15’s not 18
rolledchange
@Nickquick7, even better!
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