I bought a bear ETF, yesterday, Monday (SPXU @ $12.49) and held today. This is a mistake I've made before so I'm kicking myself. No knowing as much about Tech Analysis as most, my rule is wait on the market if price is riding between a Bollinger Band and 10day simple moving average. This applies to either Bull or Bear run. End of run is signaled by a cup or cap on the fast line of the MACD. Your thoughts, GRC
GRC, I assume you are not a day trader. So why worry about one day price action. The markets are overbought and are due for a correction. Question is whether the correction will be shallow or deep. So I don't think you should kick your self for buying a bear ETF. We cannot perfectly time each trade. Sometimes we are early , sometimes we are late. I think by Friday, January 13, you will be congratulating yourself.
I bought a bear ETF, yesterday, Monday (SPXU @ $12.49) and held today. This is a mistake I've made before so I'm kicking myself. No knowing as much about Tech Analysis as most, my rule is wait on the market if price is riding between a Bollinger Band and 10day simple moving average. This applies to either Bull or Bear run. End of run is signaled by a cup or cap on the fast line of the MACD. Your thoughts, GRC
ReplyDeletedoubled down on my bets
ReplyDelete-Mike
I don't think we have much to lose at this point.
ReplyDeleteGRC,
ReplyDeleteI assume you are not a day trader. So why worry about one day price action. The markets are overbought and are due for a correction. Question is whether the correction will be shallow or deep.
So I don't think you should kick your self for buying a bear ETF. We cannot perfectly time each trade. Sometimes we are early , sometimes we are late.
I think by Friday, January 13, you will be congratulating yourself.