Thanks Tom
This is the method I like most. But I have to wonder, if you use a 10% stop for a stock, do you use a 30% stop for a 3x ETF? :huh:
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Thanks Tom
This is the method I like most. But I have to wonder, if you use a 10% stop for a stock, do you use a 30% stop for a 3x ETF? :huh:
JTH, figuring out how to set my stop on those volatile leveraged funds is one of the big reasons why I gave up on 3x ETFs!
Regarding using support and resistance to set stops, I've found that the fastest way to find support/resistance levels is to look at a Point & Figure chart. The places where the X's and O's stop are some of the support and resistance levels.
Lady
The more volatility, the more room you need to give. With this whippy ETF's, the mental stop might be best since they seem to go after the stops.