3x ETF Trader Member Best Practices
Welcome to the 3x ETF Trader service on Memberful.com!
Contact me at reversaltraders@gmail.com with any questions
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General Guidelines for Swing Trading in my 3x ETF service:
Often we will buy 1/2 of a full position size or what I call 10% allocation with a projected trade range given to accumulate, and then add another 1/2 or double up if we get a deeper dip. This is common on 3x ETF trades within 1-3 days of the initial alert. I will provide the guidance for each 1/2 position tranche via post and alert both, as well as daily morning updates.
When you are up 8% or more on any Full (20% allocation) 3x ETF position, sell 1/2 your position with or without our update or alert. Always take profits on the way up on 3x ETF positions in general, and I will also alert as well when possible, sometimes markets move very fast. You can place limit GTC sell orders at 8% above your average price for 1/2 your share size/position.
If we are only long 1/2 position size (10% Allocation) because we never had a chance to add another 1/2 to it, then if you are up 8% or more we often ride that higher and I raise the stops and guide you unless I otherwise alert based on market conditions. I will always keep you updated on the game plan for each position on a daily basis pre-market.
Expect a 3x ETF position to be volatile and often as much as 4-12% in 1-2 day window, I like to use pullbacks to work into the positions. I found this to be the best way to swing trade 3x ETF’s during my 2008-2009 research and real time study/trading of these securities. It’s rare to catch a bottom on a single trade before a breakout or reversal of trend, so best to scale in a bit at a time when possible over 24 hours of trading window or so.
We are aiming loosely for 8-20% gains as our goal on each trade, though obviously results will vary.
Each morning I will provide general market notes and or forecasts, updates on open trades, and perhaps some charts.
This is not a day trading service, I can go days without putting out a new alert. I prefer to be patient and wait for set ups that are in our favor. I like to sell when we are 70-80% of the move on the upside and the risks of holding are getting greater than just taking gains.
I also like to buy during corrections or nearing the end of a bottoming pattern by working into a position or positions.
If I do not see a risk reward set up I like, I will wait for one… let the market come to you.
You can Email me at anytime at reversaltraders@gmail.com or post a note to me in the comments on a post, good chance I will see the Email though sooner and respond a bit quicker.