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?
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?
Candlestick crack addict...
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
If you think education is expensive, try ignorance. - Derek Bok
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.
-- Tom | My Trades