SPXL trade ideas
look long when we bounce off 50Looking long, word is there's more disposable income out there than ever before...
SPXL trade PlanA trade I am easing into at these levels expecting a downside move in markets early next week this could drop 30% more from this level. I have that marked down and will be in depending on conditions at time of trade
SPXL vs EDC US-China Trade WarNo trading strategy provided. This idea potentially sheds some light on the ongoing trade war between US and China economies. I normalized EDC/SPXL (Orange) by dividing it by 70 (EDC/70*SPXL) to fit it within same price range as SPXL/EDC. Focus on the waves.
Multiply Your Ride Back UpMay as well do a round trip (SPXU on the way down) and catch the 3X leveraged Bull train coming back up to the daily high.
SPXL Theta TradeSo we get the decay & a multiplying effect on returns of the underlying index of the leveraged ETFs, as they use option products to create the 3X leverage in these funds. Essentially decay on decay.
H&S on SPXOpening puts today and waiting for a drop - expiration in July but will probably close in june
Spx: Another Bearish IdeaDoubtful that this is one large Bullish pennant. More likely it has broken into a descending channel.
SPXL_higher_lowershould find a push up into Feb - Mar 2019, than recede significantly. Let's see if it hits my target boxes.
Should Have Followed the plan!So after 3 days of losses in a row I was timid on a trade. I was fully confident it would work out. Lets be real; We are in a downtrend.
I made my plan, checked it twice and just didn't take the trade.
Missed out on a big one!
+16%
