shillllihs
5,974 posts
msg #144563
- Ignore shillllihs
modified |
9/1/2018 12:40:36 PM
It’s hard to daytrade 3x ETFs for 2 reasons, decay and just because. Swingtrading is best for these.
The best way to do it is by recognizing what the 1x equivalent will do and or where the 3x inverse equivalent will end up and sell the 3x long when the inverse hits the bottom indicators, since the inverse always paints a clearer picture. Inverse ETFs with black candles above upper bb. is a great time in most instances to go long the long equivalent.
Honestly the absolute best way o play these is short a basket of leveraged preferably inverse ETFs down to lower Bollinger and or standard error lines.
But there is inherit risk in doing this. On the upside, decay helps you and the odds of hitting your target increase immensely. But watching when etf touches the bottom bb and se lines is a major signal of when a trend will end. I also love when a short crosses below certain weekly CCI levels to go long the etf equivalent, and Inverse Fisher Transform is groovy too.
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