$Bloomberg Crude Oil Bear 2X ETF(SCO)Considering to add more! Oils need to go to acceptable level before the market can turn around. Citigroup mentoned possibly of $65/barrel so there is still a big downside for oil!
$Semiconductor Bull 3X Shares(SOXL)$ Didn't managed to buy at the lowest point, bought it 1 week too early but overall managed to left with some good earnings :) For those who are still there remember to have a trailing stop loss! Thats what I have learn during this few weeks of trading, it's important not to let your profits get eaten up by the market. MACD (My favourite indicator) is having golden cross soon and MA 5 is crossing MA 10 as well. May enter again once SOXL retrace back a little but overall it is still a bear market so just be reminded this is a rebound! This maybe a bull trap before earnings and then a further a crash all the way down..
ok//@koolgal: With inflation at 40 year high, the Feds main focus is to quell it with aggressive interest rates hikes. However there was recent talks that the Feds are considering slowing down the rate hikes and that have resulted in the recent markets uptrend. Nonetheless at some point in time, the Feds will slow down the interest rates hikes. That will dampen the strength of the US Dollar. Let's hope it would be soon. Thanks @Capital_Insights for your excellent insight on the prevailing strength of the US Dollar.
@Capital_Insights:Good News? The Soaring Dollar is on its Way to Peak Soon?!
$Nasdaq100 Bull 3X ETF(TQQQ)$ Back here trading this name again. Will be holding this position for maybe a few weeks because I feel that there will be a rebound in the upcoming few weeks. Definitely, the market has been seriously oversold for the past month and I feel that this rebound will be a strong one as compared to previous rebounds. This month also marks the earnings released so definitely it will be more volatile. However, we can see that Netflix earnings has been consensus so probably this may mark the start of the rebound. Another index you can look into is UVXY which shows the volatility. I am looking at key levels around 11.5 to 11.2. Once it breaks that level I will add in more long positions. Definitely, I may also be looking i
$Semiconductor Bull 3X Shares(SOXL)$Personally, I feel that all stocks including large cap stocks are oversold at this level so there is a high probability of a rebound. The situation right now I feel is that big funds are pushing the stock high up daily by a few % and then sell them to retailers by making them think the rebound is now and then bring the price down again so that they can purchase these stocks at a somewhat lower price. This also kills both side of options, killing PUT options in the morning and then CALL in the afternoon.I do believe that in the long run ( next few months to a year) it is a bear market and indexes will make new lows. However, at this moment I feel that big funds are luring
$Nasdaq100 Bear 3X ETF(SQQQ)$ Started this postion because I feel that in the long run, it is still a bear market. Fed talk about maintaining an agressive attitude towards inflation and an increase in 75 basis points is more likely. Alghough the upcoming CPI may get better due to lowering of oil prices but personally I feel that prices of food, commodities are all super high right now so inflation is still here to stay :(
$Bloomberg Crude Oil Bear 2X ETF(SCO)$ Still here! possibly seeing a short term rebound of oil prices as the market is bullish in the short term! But we are currently in the bear market so be wary of each trade! Control your position size and stop loss!We are in the same side as the US government! Let oil prices be affordable!
$JPMorgan Chase(JPM)$ overbought.. funds purposely pushing the price high to sell their positions, trapping retailers. Funds will soon switch from traditional companies to tech companies since companies within dow jones are mostly overbought and the fundamentals are not supporting their current prices.
$Bloomberg Crude Oil Bear 2X ETF(SCO)$ Holding for the longest time:) Even though oil prices went down, CPI went up instead due to increase in food prices and other factors. I feel that this also means there is still a need for oil prices to be driven down further. Although SCO is not a stock to hold for long but I will sell it once it reach my target price:)
$Bloomberg Crude Oil Bear 2X ETF(SCO)$Important to know whether you are holding a stock for long term or short term. If you are holding for long term, you should not let emotions take over by such short term fluctuations. For short term, be strict on your stop loss. Always follow your trading strategies!
$TQQQ(TQQQ)$Recently, I bought back TQQQ on two ocassions at $19.75 and $19.34. The reason I bought back TQQQ as I saw that there is a need for rebound in all three indexes after a big selloff in recent months. However, it is still quite hard to perform short-term trade in this market in recent days as the market rise one day and fall the other. If you are a good trader and have time to monitor the market on a daily basis, it will defintely benefit you since there is a potential to earn from both long and short positions. But for me, most of the time due to timezone difference, I am only able to monitor the market for the first half of the day. Hence, it is much more important for me to pick important ticker and buy at, not the lowest, but one of t
$Invesco QQQ Trust(QQQ)$ Been testing out a few strategies recently as a new option trader. One of my favourite is buying Strangle but I am still experimenting it. What I have learnt so far is that it will be great if the call and put is on the same day as the fluctuation will be approximately the same. Furthermore i think there is definitely a need for similar volatility if not the gain and loss will not be the same e. g loss may be more than gain. Still in the process of learning :)
$Bloomberg Crude Oil Bear 2X ETF(SCO)$ Still having this postion! Inflation is too high right now adding pressure to the citizens! We need to bring prices down so that it is affordable for all! Volume traded for CL main is low today too, just a final shakeout before the real fall! Leggoo!
$S&P 500(.SPX)$Predicting a small rebound (bull trap) on both Monday and Tuesday, maybe 1-2% per day, thenon Wednesday, Fed may cause another big fall due to interest rate hike. Probably wi enter some positions at the end of Tuesday's market to bet on Wednesday's opportunity!This is just my perspective, just take it as a pinch of salt :)
$Semiconductor Bull 3X Shares(SOXL)$ What a luck that I sold all of my postion in these 2 stocks ytd! This shows that when it reached a resistance do remember to decrease your positions or set a trailing stop loss so that even when you are stopped out, you are still with profits!