The chart will be wrong since it degrades overtime. I would always suggest using the sector its based on XBI for your chart analysis and then you can trade the leveraged one when you get a trigger on the underlying.
Just know it will work great for short term trades even but it WILL degrade overtime. It’s not a bug it’s a feature
Fxfulcrum.com
Seems big money knew big tech earning would tank a week before.
New trends are awesome
When you say LABU was never actually at those levels that means the chart is rather useless and wrong?
Is it similar to a stock chart that has split?
As an experiment I held a very very small position in a 3x ETF for a year and the chart still made sense
I get that it is 3x per day, not long term but its leverage is still ok long term as long as you manage the stops
Am I wrong, can you clarify?
The chart will be wrong since it degrades overtime. I would always suggest using the sector its based on XBI for your chart analysis and then you can trade the leveraged one when you get a trigger on the underlying.
Just know it will work great for short term trades even but it WILL degrade overtime. It’s not a bug it’s a feature
https://open.substack.com/pub/emilyalexandraguglielmo/p/my-first-public-blogpost?r=2mtps5&utm_medium=ios