ETF has broken bullish flag/ sideways action and should go up 15% in the short term. This is a 3x bull geared etf that trades stocks like Boeing, Lockheed Martin, General Dynamics etc.... Military stocks.
Yorum
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Just updating the idea because we are at a very technical level to buy a "dip". We've broken out to all time highs and now we've had a considerable sell over because to where the stock broke out from trendline resistance which should be support. Good place to pick up longterm stocks if you want to bullish for the next 2 years.
I'm trading on a fairly primitive platform with no trailing stop-loss so if you would have to set a SL where would you set it?
TheBulltrader
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@WonderingWhyToo, If your trading stocks without margin, I do not recommend stoplosses. Stocks dont really move very fast unless your buying 3x funds. Personally, I think aerospace/Defense stocks are just getting started for the next year and this fund particularly should go up 35%-65% from when I originally posted. If you do not want a stoplosses or cannot handle temporary losses than I recommend a smaller position. Remember, this fund will return large gains "IF" the overall market goes higher (S&P 500). Each stoploss is different for each investor, for me it would be so far away that I wouldnt need to have one.