"I think (and was thinking about it, but decided not to just because of confusion it may generate) you can make a quick buck with a 3x leveraged long ETF like URTY or TQQQ, I prefer to focus on the IWM and QQQ.
That said, I'd make sure you are nimble.
You might get some traction out of XIV as well, although that's my least favorite."
What I was saying yesterday was that I thought about making a quick long trade yesterday with a 3x long IWM or QQQ (any of the averages), but I didn't because often when I do it confuses some members as to where I stand, but I suggested that some of you who are nimble might want to do so and this is exactly why.
However, if I had taken that long yesterday, I'd have it wrapped up already, especially if I used options.
There's a hint now in VXX of a small positive just starting there, it shouldn't be there right now, it's still very early, but this may have been the reason for yesterday's intraday positive.
I'll keep you informed.
No comments:
Post a Comment