I'll still come out fine either way. Look at $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , it's 3x, but the same principle applies. I'll exit when my indicator says so, but this still looks like it's just turning off the bottom. That principle works the other way on the way back up too. You're used to a lot of rough candles. My average is $30, and I bought a bunch under $30. I only play monthly bars with these when they're way at the bottom like this. It's just rounding the first turn.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments