I'm not much for charts but I swing trade both sides. Sold half of my SQQQ/SPXU today and, exercised a $18 strike TQQQ PUT(bought in the 16s), and bought some TQQQ in case we have a bounce up tomorrow. I use a combination of selling puts and LIFO swing trading as well to lower my cost basis in down trends while I buy bigger in bulk when I feel the time is right.
StockCasinoMember t1_j1bny66 wrote
Reply to comment by milesthegreat2020 in Lower low has been made on the nasdaq by Miljonairsteam
I'm not much for charts but I swing trade both sides. Sold half of my SQQQ/SPXU today and, exercised a $18 strike TQQQ PUT(bought in the 16s), and bought some TQQQ in case we have a bounce up tomorrow. I use a combination of selling puts and LIFO swing trading as well to lower my cost basis in down trends while I buy bigger in bulk when I feel the time is right.