So i want to show you one of my trade setups. I just took a position on ask eq, i'm up a little bit over 200. I expect to be up a little bit over 700 to maybe a thousand, but i want to explain to you why i took the position, so the thing that you should know is that these are inverse etfs. So when one goes up, the other one goes down.

Why, then do i think that this one's going to go down, and why do i think this one's going to go up well during the pre-market session? Tqqq was bearish, meaning that it was selling off the entire pre-market session. So i expect it to return to those same levels with that set expectation. If it returns to those previous levels, then ask qqq would then make a recovery. It's definitely not guaranteed and it looks like it's holding pretty well, so i'm still going to have to potentially manage my position size.

So yeah, not every trade, goes exactly according to plan, but eight hundred dollars on the day s qqq ended up recovering. Just like we anticipated tqkq ended up going back to previous lows. Continuing that descending pattern.

By Stock Chat

where the coffee is hot and so is the chat

7 thoughts on “How i day trade etfs #shorts #money #howto”
  1. Avataaar/Circle Created with python_avatars Grim says:

    did you have to risk 27,000 to make 800?

  2. Avataaar/Circle Created with python_avatars pas_2910 says:

    You can do better 800 is not that much for the day

  3. Avataaar/Circle Created with python_avatars Weston Vaughn says:

    I've spent my entire lockdown watching this channel. Maybe this will be a turning point in my luck. Love the aesthetics of the channel and thanks for the give 🚮

  4. Avataaar/Circle Created with python_avatars Isaac Harris says:

    Can you post more examples of inverse etfs

  5. Avataaar/Circle Created with python_avatars I am Ruffy says:

    Does trading x3 ETF charge you extra interest fee for each trade??? because I heard so

  6. Avataaar/Circle Created with python_avatars Red says:

    1st boi

  7. Avataaar/Circle Created with python_avatars Corello says:

    More of these Ricky!

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