Comments on: SSG Swing Trade Update

By: jmont42

jmont42 — Mon, 13 Apr 2020 18:01:30 +0000

I think when you initially posted it a lot of us caught it at around $12.80 and hopefully exited around $14.80. I reentered around $12.30 so I can wait them out for a bit. Since the start of all this volatility, I have found that trading in line with the 30 and 60 minute trend line is most profitable. For the moment that trendline to the upside on SPY has been broken so I’m holding onto some shorts and mostly in cash until we break out of this 260 to 280 range. Ironically, that was our same range before the December 2018 nosedive…

By: PWL

PWL — Mon, 13 Apr 2020 16:30:32 +0000

In reply to Action_Jackson. Do we mitigate that decay if we exit those positions, then re-entry again?

By: Action_Jackson

Action_Jackson — Mon, 13 Apr 2020 15:38:31 +0000

In reply to PWL. yes, check out his explanation on his FAQ page under ETF related questions.

By: PWL

PWL — Mon, 13 Apr 2020 15:27:52 +0000

In reply to Alan. Is that due to decay in 2 and 3x leveraged vehicles that Randy has warned about? Meaning we've been in this SSG trade too long now? Should we be concerned about holding these other leveraged ETF's too long also: SQQQ and SPXS?

By: jamesh626

jamesh626 — Mon, 13 Apr 2020 15:07:45 +0000

In reply to PWL. I thought the same. Although I can follow the post, it’s like my “attention to detail OCD” wont stay quiet lol

By: Alan

Alan — Mon, 13 Apr 2020 14:28:21 +0000

@RSOTC SSG is still trading out of sync with SOXX. SOXX is down .4% and SSG is up .1%. should be up .8% Should we be concerned?

By: bransth

bransth — Mon, 13 Apr 2020 14:28:08 +0000

I like men of honor and integrity.

By: PWL

PWL — Mon, 13 Apr 2020 14:22:22 +0000

Randy, headsup on typo SSG vs SGG