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You can have ideas, you can have opinions, be bullish or bearish, but don't blindly chase after trends or short sell recklessly. Don't keep holding onto SOXS or SOXL without letting go. Imagine you're grilling fish, when it's time to flip the fish, you should flip it, otherwise the fish will burn; at least when the fish is about to burn, you should remove it from the heat. Playing long or short ETF with triple leverage is like this, otherwise you will end up being eaten up by losses.
Using9/27Take the closing price as an example, because within a month, SOX has experienced many ups and downs: (without any dividends in between)
SOX9/275217.23,10/275212.83, the two are only different by -0.08%.
However, within this month, the changes in SOXS and SOXL are significantly different.
SOXL9/2737.66,10/2735.28,A difference of -2.38 yuan between the two, with a loss of 6.32%.
etf9/2719.70,10/2720.18, the difference between 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.
I will decide whether to go long on the daily line next Monday based on the closing price.
The article retains many bearish arguments, currently holding SOXS position.
$PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $VanEck Semiconductor ETF (SMH.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Using9/27Take the closing price as an example, because within a month, SOX has experienced many ups and downs: (without any dividends in between)
SOX9/275217.23,10/275212.83, the two are only different by -0.08%.
However, within this month, the changes in SOXS and SOXL are significantly different.
SOXL9/2737.66,10/2735.28,A difference of -2.38 yuan between the two, with a loss of 6.32%.
etf9/2719.70,10/2720.18, the difference between 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.
I will decide whether to go long on the daily line next Monday based on the closing price.
The article retains many bearish arguments, currently holding SOXS position.
$PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $VanEck Semiconductor ETF (SMH.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$
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A good learning & trading platform to start with 100k and be rewarded 😍
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102319465 ANGEL
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$CapLand IntCom T (C38U.SG)$
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 $20 daily)
102319465 ANGEL
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It is too expensive to own a car in Singapore, I would rather invest the money needed to get a car and continue to use public transport
I find it more convenient to take public transport as I can play games on my portable gaming console during the journey, can't do that if I'm driving
Also good to reduce carbon footprint by taking public transport
I find it more convenient to take public transport as I can play games on my portable gaming console during the journey, can't do that if I'm driving
Also good to reduce carbon footprint by taking public transport
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102319465 ANGEL
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$NVIDIA (NVDA.US)$ I felt good price to average between 103-106
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$DBS Group Holdings (D05.SG)$
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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