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$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$...
$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$ I'm looking for around 82 as an entry point I'm probably going to sell some puts right at that strike to collect the premium real short term
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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10baggerbamm OP : I'm still waiting everything is still down ticking we were down 450 on the dowel right now down 710 and the banks keep setting new lows so I have not sold any puts yet obviously we're past 82 or 80.75 as of this message so I'm just going to keep my powder dry and see where we go..
the 250 day is at $74.. at this rate we may test it this week.
never going to hit the bottom you need to go in in $2 increments below the market when you're selling puts I still think 82 81 80 are entry points it may go a little bit lower.
88FTW : Its a falling knife, gonna wait for a good entry, i bought at 106, and now its ~80~81, i had to cut loss, losing faith in this one lul
Jennie- 88FTW : We bought it at the same price.Are you cut already?
88FTW Jennie- : Yeah, i cut it at around 81.9
88FTW Jennie- : Anway, 106 is not a good price to enter based on my indicator, i kinda regret after i bought it
Jennie- 88FTW : haizz so am I
but it's losing too much, so hard to cut
88FTW Jennie- : Good news if you still keeping it! Hahaha