Yesterday before the stock market took a leg lower, a signal was given to the paying subscribers of ZYX Buy to add to the existing inverse ETF SQQQ position. SQQQ is an inverse ETF that goes up when the market goes down.
Later on, almost at the very bottom when the gains were at their maximum in SQQQ, profits were booked on the tranche entered earlier. The signal called for continuing to hold the original inverse ETF SQQQ position entered last week before the big fall in the market which is also profitable.
These posts were published on ZYX Buy Change Alert.
ADDING TO INVERSE TRIPLE LEVERAGED ETF SQQQ SHORT TERM TRADE
Adding a 3% tranche to SQQQ short term trade right here around $19.47. The new buy zone is $19.40 to $20.10. A tight stop on this tranche is $18.43 to $18.68. Target later.
This is suitable only for super aggressive experienced traders. This is a triple leveraged inverse ETF that goes up when the market goes down. Your quantity should be one-third of the normal quantity due to triple leverage.
SQQQ: TAKE PROFITS ON THIS MORNING’S TRANCHE
Consider taking profits on the short term trade in SQQQ tranche from this morning. SQQQ is trading at $21.06 as of this writing. Consider continuing to hold the rest.
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