Triple leveraged drawdown selling rule

[ken-do-nim]

(03-31-2021, 04:10 PM)NilesMike Wrote: There's a much easier way IMO.

Chart (weekly) the actual sector, when RSI is under 30 be alert. When RSI is then >30 (EOW) buy a long dated (10-12 months) call just OTM. That's you entry.

If/when RSI closes around or above 70, you sell. There's your exit. Mechanical not emotional.

Less money at risk per trade but the returns will not be 3X, more like 4-5X

I will study what you just wrote and look up all the acronyms, because I didn't understand a word of it