SPXU INVERSE ETF TRADING IDEA FOR FOMC MEETING 3/16/22
Updated
This is my trading strategy for March 16th, 2022 on the next FOMC meeting. Using inverse 3 x etf is like doing options without options. They track opposite of whatever it is they track. In this case the SPXU does the exact opposite of the SPY S&P 500 ETF .. The spy tracks the S&P 500 markets.
So I'm setting up a position on morning opening day of March 16th, Wednesday with $6,660 position anticipating a 5-8% return x 3x since the SPXU is a 3 x inverse..
Be very careful using 3x inverse or any inverse etf . YOU HAVE TO WATCH THEM LIKE A HAWK. They are not meant for long term or swing trade. They are for 1 day intra day only and can be very dangerous if you don't use them properly. They can also make you quick FAST money , BUT YOU CAN ALSO LOOSE ALL YOUR MONEY IN 1 DAY, if you DON'T KNOW what you are doing..
This is what I am doing. I am not giving trading advice. I simply share some of my trading ideas here...
PS.Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,( Technical Analysis ) site are for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, post or newsletter.
So I'm setting up a position on morning opening day of March 16th, Wednesday with $6,660 position anticipating a 5-8% return x 3x since the SPXU is a 3 x inverse..
Be very careful using 3x inverse or any inverse etf . YOU HAVE TO WATCH THEM LIKE A HAWK. They are not meant for long term or swing trade. They are for 1 day intra day only and can be very dangerous if you don't use them properly. They can also make you quick FAST money , BUT YOU CAN ALSO LOOSE ALL YOUR MONEY IN 1 DAY, if you DON'T KNOW what you are doing..
This is what I am doing. I am not giving trading advice. I simply share some of my trading ideas here...
PS.Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,( Technical Analysis ) site are for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, post or newsletter.
Note
Things are set up. I'm only gonna for a 5% increase to a target of 18.35, it may go much, much higher than that. I will think about it.. But I'm playing safe since this is an 3 x inverse. Ifyou don't know how to use these you can loose 3x your money as well. Feel free to leave any comments here..
Disclaimer
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