Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
CL one giant wedge there on the 1 min chart
SPX 15M
OUT of LABD at $61.00!!!
Perfect day trade
IF the markets completely sell off by the end of the day, LABD will easily be trading at 52 week highs well above $65!!!!
wow, that's one helluva chart on that etf...
I wouldn't buy DWTI until its under $90 or less!!!
Maybe even a lot less than that!
yes, its a 3X
I was watching it for a few months, was trading in the low 30's and I thought why not by some, never did though, I feel the biotechs are way to volatile, anyway I ended up buying and selling it today in the upper 50's....all it takes is for the biotechs to put in a solid week of gains and LABD could be sitting easily back under $35 in no time, yes it could easily skyrocket to $100 but I have seen most of these triple etfs get that high and literally lose 80-90% of their value. Thats why if you trade them and have profit its good to take it, otherwise sometimes you miss out, I have cost averaged into some of these 2x and 3x etfs over time...not the thing to do but oh well..
by the way if you want to see a triple ETF stock that has sold off probably 90%+ ytd look at GASL, its going to have another reverse split tomorrow, Im actually thinking of shorting this ETF, the last time it had a reverse split it literally went STRAIGHT DOWN!!!! think it went from $25-$30 all the way down to the low single digits!