Drg, my strategy is to buy and hold, accumulate on the dips and set an exit strategy. When it’s time, then just get out and move on.
Trying to time the market as a day trader doesn’t pay off long term, but the only way to recognize this is to miss the big uptick. - I’ve been there and done that, and since then I’ve changed my strategy. My exit strategy for SXY is around $1.30, so let’s see how you do on the way up to that price. All the best mate!!!
SXY Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held