i dont understand. all pros say its not long term vehicle. is the opposite true?
R
Actually if you buy and hold this and add on dips you will do gteat! I mean an individual stock can go to zero and never come back whereas the s&p will always recover. Our stock group put 50000 in this in 2009. I believe it is now worth like $350000 to 375000! I love this thing.
S
I first bought SSO on March 9, 2009. Funny this year on March 9th I bought SPXU and day traded it. I now own 400 shares of SSO @54.39 having added through the past 11 years.
D
This market can and will easily run and when it hits the melt-up period, look out. Will it have a minor correction....sure. Every 13 or so months, we have a minor correction and we are due. The last 10% plus correction was December of 2018. But after a possible minor bump, it will continue to run like the Japanese market has the past 20 years. When you have the central banks buying a crapload of equities (as Japan has and now we are), there's no end in the near term until it's 1920's Germany all over again. The over-inflated dollar will be worthless when that happens.
My current signals as of 06/05: QLD Hold $139.00 / Buy 05/18 $125.59 / Stop $128.94 Gain +10.7% TQQQ Hold $89.89 / Buy 05/18 $77.11 / Stop $80.52 Gain +16.6% SSO Hold $133.77 / Buy 05/18 $114.46 / Stop $124.68 Gain +16.9% UPRO Hold $49.53 / Buy 05/18 $39.33 / Stop $44.81 Gain +25.9% For discussion purposes only ~ $QQQ $QLD $TQQQ $SPY $SSO $UPRO Comments appreciated ...
As a reminder to the rookies here, it's not good to trade (establish new positions) around a FED meeting. THREE TIMES BULL ETF TRADER yesterday $SPY conversation $SSO $UPRO $QQQ $QLD $TQQQ $CSCO Professional Traders DO NOT trade around a FED meeting ... Watch for increased volatility after 2:00pm today and tomorrow ~
A
this is a good options play on all these dips due to the virus. this virus has been around for a while in different parts of the world. it's reaching national coverage right now which is impacting the market. buy all dips and buy calls on SSO as much as possible since it is 3x leverage of Spy.
MICHAEL ~ I posted MY stops to sell longs (not to go short) ... have they been hit yet? MY stops for Thursday , 06/11 ~ QQQ $237.91 QLD $137.55 / TQQQ $88.59 / SPY $312.88 / SSO $128.62 / UPRO $46.93 For educational purposes only ... $QQQ $QLD $TQQQ $SPY $SSO $UPRO
michael 1 hour ago @THREE TIMES BULL ETF TRADER are you gonna let me know?
QLD Hold $139.00 / Buy 05/18 $125.59 / Stop $128.94 Gain +10.7%
TQQQ Hold $89.89 / Buy 05/18 $77.11 / Stop $80.52 Gain +16.6%
SSO Hold $133.77 / Buy 05/18 $114.46 / Stop $124.68 Gain +16.9%
UPRO Hold $49.53 / Buy 05/18 $39.33 / Stop $44.81 Gain +25.9%
For discussion purposes only ~ $QQQ $QLD $TQQQ $SPY $SSO $UPRO
Comments appreciated ...
STATUS Update: (19 days)
QLD / Buy 05/18 $125.59 / Stop $137.55 Gain +9.5%
TQQQ / Buy 05/18 $77.11 / Stop $88.59 Gain +14.9%
SSO / Buy 05/18 $114.46 / Stop $128.62 Gain +12.4%
UPRO / Buy 05/18 $39.33 / Stop $46.93 Gain +19.3%
For educational purposes only ~ $QQQ $QLD $TQQQ $SPY $SSO $UPRO
THREE TIMES BULL ETF TRADER yesterday
$SPY conversation $SSO $UPRO $QQQ $QLD $TQQQ $CSCO
Professional Traders DO NOT trade around a FED meeting ...
Watch for increased volatility after 2:00pm today and tomorrow ~
I posted MY stops to sell longs (not to go short) ... have they been hit yet?
MY stops for Thursday , 06/11 ~
QQQ $237.91 QLD $137.55 / TQQQ $88.59 / SPY $312.88 / SSO $128.62 / UPRO $46.93
For educational purposes only ... $QQQ $QLD $TQQQ $SPY $SSO $UPRO
michael 1 hour ago
@THREE TIMES BULL ETF TRADER are you gonna let me know?