Jumped into SDS Friday expecting a bounce off the 50-day EMA. I'm using the SPY ETF chart which SDS follows the inverse of and doubles the return (-2x). The open gap from Friday's open and the test of the moving averages was good enough to me to jump in at $30.16 a share Friday.
The 50-day EMA did not hold Friday but the 20-day EMA did so I held the position. I sold first chance this morning with a gap down open and the filling of Friday's gap. Stocks have been so easily kicked in any direction at a moments notice so I was happy to lock in the gains well knowing there is a good chance the index may fall more to test the 200-day EMA again. In fact that seems to be the direction they are heading in now. I sold at $30.73 a share for a 1.89% gain.
Since 10/02/19 my ETF trading return is 1.89%.
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