Mark S. Young
Posted 07 October 2019 - 05:40 PM
It occurs to me that my bottom spotters are so good, it might be worth it to have a service that just buys calls when we get a Buy. Then again, I thought about just doing that for myself. Maybe earmark 10% of cash per trade. Blow out on a double or a ST OB condition.
The question is would it make more sense to use ETFs, from a business standpoint? 2x? 3x?
Thinking out loud here and wondering how you guys like to trade.
M
Mark S Young
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Posted 08 October 2019 - 01:34 PM
I would take a look at the semiconductor SOXL ETF. It seems to act more like 6x relative to the SPX, and it seems to hit 20% in the 1st 5 days after some of the good bottoms we have had. And the series trades options.
