Our methodology required to continue scaling in UYG in spite of large draw down. The strategy seems to have succeeded. Normally we do not recommend scaling in over such a wide range, but in this case our indicators dictated extreme aggressive buying around $1.5. The staring point was a light scale in at over $6 and the residual position if any from prior profitable trade. Our average is $2.6. For some accounts this may have become an over sized position — not a preferred state. Consider trimming heavily right here at $3.10. Consider buying more on dips.
Twitter
LinkedIn
Facebook
Subscribe to 'Generate Wealth'
Free Forever
More To Explore
30 Day Free Trial
Cancel within 30 days and you owe nothing
When you take a FREE 30 day trial, you get access to powerful techniques used by billionaires and hedge funds to grow richer. You can continue to use these powerful techniques to grow richer even if you cancel your subscription. You come out ahead by subscribing no matter how you look at it.
