🔬 Understanding ETFs
How ETFs can be great trading stocks ... they are best for:
🎿 quick trades (intra-day scalps)
🥁 all day holders (trend trades)
These stocks make great day-trade and swing trade opportunities in a top heavy market. If you watch a few key indicators, you can ride it up as the market is going down. And right now, there is tremendous upside potential for UVXY, as in March the markets went down 2,000 points and UVXY went from $20 to over $120 per share.
When trade ETFs, watch 4 indicators. First, ETFs the UVXY are leveraged ETFs at 300% the daily movement of their respective indexes. The UVXY follows inverse of S&P 500. When the S&P 500 goes down UVXY goes up and vice versa.
I keep those market indexes on my screen. Second, I watch other markets like the DOW, and the Nasdaq. These markets provide indicators of the strength of the overall market and are helpful predictors of where it is headed. Third, I watch for major players in the market that influence the direction of the market like Google GOOG and Apple AAPL. Often when they move together, the market follows.
Fourth, I watch the stochastic indicators on the 2 min and 5 min chart to give me a good entry price. Go back and analyze how UVXY has moved with those stochastic indicators. See how your trade would play out if you had invested when the stochastic bottomed out and sold when the stochastic rolled over the top ... a move I teach in MOJO University Courses called the RAIL GRIND ... made a cool $.40 cent extra profit riding out this UVXY trade 💵
Of course, these aren't the ONLY indicators. Among other things, politicians can make this stock really spike! Potential good news out of Washington can send it plummeting.
You get a high volume liquid stock when you trade these type of ETFs. As a day-trader, you can get in and out pretty quickly trading. If you want to make money trading as the market goes down without shorting anything, take a look at this affordably priced and quickly moving ETF called UVXY.
If you want to learn from an experienced day-trader, join us at mojodaytrading.com/special. You can follow a whole community of traders all doing the same thing each day.
This is great for beginners and experienced traders. We trade UVXY, NUGT, LABD, TZA quite often and those looking to advance their skills in trading ETFs can learn from what happens in the chat room.
I have made it really easy for you to try out the MOJO Day Trading Trade Room.
For just $149.00 try the service for 30 days. Also, as token of MOJO’s appreciation … you’ll get the MOJO University | Level 2 Day Trading Educational Series Video. This is a $99.00 Value Added Bonus. So basically you're getting the first month for $50. Once MOJO gets confirmation of your subscription you will receive a Welcome email with full instructions. Click the Link Here, To Get Started Today!
Click Here = www.mojodaytrading.com/special