Stock Observations Using Technical, Fundamental & Sentiment Analysis
Looking to take a 1/4 position in Proshares SDS - 2xs levered short $SPX, @ $35.90
Entered a 1/4 position @ $35.90, will add @ following levels: $35.55 then $35, final 1/4 position TBD
Update: currently only hold 1/4 position, never able to enter other buy levels. Use $SPX 1650 as exit point - follow ITZ posts on TWITTER
set stop @ $37.00, use a trailing stop
Raise stop to $37.40, suggest using 10-ema on a 60 minute chart as a trailing stop. Looking to exit SDS & enter SSO.
Exited $SDS @ #37.50 for +1.60 +4.45%Entered SSO 1/4 position $82
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6 comments:
Looking to take a 1/4 position in Proshares SDS - 2xs levered short $SPX, @ $35.90
Entered a 1/4 position @ $35.90, will add @ following levels: $35.55 then $35, final 1/4 position TBD
Update: currently only hold 1/4 position, never able to enter other buy levels. Use $SPX 1650 as exit point - follow ITZ posts on TWITTER
set stop @ $37.00, use a trailing stop
Raise stop to $37.40, suggest using 10-ema on a 60 minute chart as a trailing stop. Looking to exit SDS & enter SSO.
Exited $SDS @ #37.50 for +1.60 +4.45%
Entered SSO 1/4 position $82
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