102319465 ANGEL
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You can have ideas, you can have opinions, be bullish or bearish, just don't trade recklessly. Do not keep holding on to SOXS or SOXL blindly. Imagine you are grilling fish, when the fish needs to be flipped, flip it, otherwise the fish will burn. At least when the fish is about to burn, remove it from the heat. Trading triple leverage bullish or bearish ETFs is like this, otherwise you will end up being eaten alive by losses.
With9/27Take the closing price as an example, because within a month, SOX experienced many ups and downs: (without any dividends in between)
SOX9/275217.23,10/275212.83, the difference between the two is only -0.08%.
However, within this month, the changes in SOXS and SOXL are significantly different.
SOXL9/2737.66,10/2735.28,Difference of 2.38 yuan, loss of 6.32%.
etf9/2719.70,10/2720.18, the difference between the two is 0.48 yuan, 2.43%.
Now it's short selling, not going long, so losses are beneficial to the bears. If the short-term trend is bullish, then losses will be the opposite. SOXS and SOXL can only be held in one trend, sell at high points, buy back at low points, repeat this simple process, money will keep coming in.
Decide whether to go long on the daily line next Monday based on the closing price.
The article retains many bearish arguments, currently holding a position in SOXS.
$PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $VanEck Semiconductor ETF (SMH.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$
With9/27Take the closing price as an example, because within a month, SOX experienced many ups and downs: (without any dividends in between)
SOX9/275217.23,10/275212.83, the difference between the two is only -0.08%.
However, within this month, the changes in SOXS and SOXL are significantly different.
SOXL9/2737.66,10/2735.28,Difference of 2.38 yuan, loss of 6.32%.
etf9/2719.70,10/2720.18, the difference between the two is 0.48 yuan, 2.43%.
Now it's short selling, not going long, so losses are beneficial to the bears. If the short-term trend is bullish, then losses will be the opposite. SOXS and SOXL can only be held in one trend, sell at high points, buy back at low points, repeat this simple process, money will keep coming in.
Decide whether to go long on the daily line next Monday based on the closing price.
The article retains many bearish arguments, currently holding a position in SOXS.
$PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $VanEck Semiconductor ETF (SMH.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$
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A good learning & trading platform to start with 100k and be rewarded 😍
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102319465 ANGEL
liked
$CapLand IntCom T (C38U.SG)$
After the 2.007 preferencial offerings will C38U.SG go back down to 2.007? just like previously after halting?
After the 2.007 preferencial offerings will C38U.SG go back down to 2.007? just like previously after halting?
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Paid COE 106k 2 months ago. Need car because working hours is irregular. Midnight charges for GRAB is too expensive. Personally felt public transport in spore is very convenient if wework 9-5. COE 100k can be invested with potiential higher returns, if not, this amount can take care of our daily meals for 5000 days（assume $20 daily)
102319465 ANGEL
voted
It is too expensive to own a car in Singapore, I would rather invest the money needed to get a car and continue to use public transport![]()
I find it more convenient to take public transport as I can play games on my portable gaming console during the journey, can't do that if I'm driving![]()
Also good to reduce carbon footprint by taking public transport![]()
I find it more convenient to take public transport as I can play games on my portable gaming console during the journey, can't do that if I'm driving
Also good to reduce carbon footprint by taking public transport
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102319465 ANGEL
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$NVIDIA (NVDA.US)$ I felt good price to average between 103-106
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102319465 ANGEL
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$DBS Group Holdings (D05.SG)$
The chart shows falling window today. The stock price has break the support 37.13 and it is bearish and trending down. Next support 35.78. Trade with caution.
The chart shows falling window today. The stock price has break the support 37.13 and it is bearish and trending down. Next support 35.78. Trade with caution.
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