if you really want to rub it in, you should show how you made 27% by loading on spxl
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How do you rate this performance today?
- Thread starter farmerjohn1324
- Start date
if you really want to rub it in, you should show how you made 27% by loading on spxl
if you really want to rub it in, you should show how you made 27% by loading on spxl
Unfortunately I didn't buy it.
And even if I did, I probably would have sold when it was just at 10% or something.
I'm just going to use this thread to keep a running log of my thoughts and strategies...
Right now I have SPXL that is looking good for tomorrow based on futures so far. I want to sell it tomorrow, hoping that the stimulus bill will pass through Congress.
I'll sell it after that happens but then I want to buy the inverse SPXS in preparation for the jobless claims report the next morning. If all goes as planned, I'll buy SPXS just before close tomorrow, or maybe in postmarket.
If the stimulus bill doesn't pass tomorrow, then I'll probably sell and hold nothing because I don't know if the pending stimulus vote or jobless claims report will be the larger force.
I don't have funds in any account that can trade futures contracts right now in case you're wondering why I don't use futures for the increased leverage.
Right now I have SPXL that is looking good for tomorrow based on futures so far. I want to sell it tomorrow, hoping that the stimulus bill will pass through Congress.
I'll sell it after that happens but then I want to buy the inverse SPXS in preparation for the jobless claims report the next morning. If all goes as planned, I'll buy SPXS just before close tomorrow, or maybe in postmarket.
If the stimulus bill doesn't pass tomorrow, then I'll probably sell and hold nothing because I don't know if the pending stimulus vote or jobless claims report will be the larger force.
I don't have funds in any account that can trade futures contracts right now in case you're wondering why I don't use futures for the increased leverage.
So I went ahead and bought 2628 shares of SPXS in expectation of the jobless claims data tomorrow morning.
I know most of it is likely already priced in, but there should still be a drop when it's confirmed.
Now I unfortunately bought these just after the S&P gave up much of it's gains for the day due to Sanders threatening to interfere with stimulus. I hope this stimulus doesn't offset the jobless claims. I would hate to be forced to hold this longer than I wanted.
I know most of it is likely already priced in, but there should still be a drop when it's confirmed.
Now I unfortunately bought these just after the S&P gave up much of it's gains for the day due to Sanders threatening to interfere with stimulus. I hope this stimulus doesn't offset the jobless claims. I would hate to be forced to hold this longer than I wanted.