JLC,
I just know if you folks can see the above chart from Stockcharts
May I suggest using the Tetter Totter Principle as a trial application. If you follow the two (2) simple rules, you should not lose but a few dimes because folks did not read the rules correctly.
Don’t use your moms money but a few bux of your own until you get the hang of it. Then go slowly with a few bux from mom’s account.
I have been Swing Trading SPXS / SPXL and QQQ / PSQ and a few others since February of 2006 to November 2014 with a 50K bankroll earning over 12MM.
Then did it again from November 2014 to December of 2022 with 100K bankroll earning over 13MM. Still Tetter Tottering because of the Recession is coming to a neighborhood nearest you.
BOIL / KOLD having fun with. KOLD went from 14.70 to 76.72 with 1000 shares. Not to shabby. And then 51.25 and had to sell at per the rules at 71.45 with another 1000 shares.
Making money is borrrrrrring. Meaning the waiting and waiting and wait for the Sell signal. The longer it takes from Out of the Gate to the Finish Line, the more money one makes.
SPXS is the current stock to own at this time until there is a Sell Signal. Simon will tell you what to do with just two (2) simple rules that a 9th grader can do within a few minutes while in homeroom.
One can stop at any time and move on.
I wish you the best
Quill - a poor church mouse scratching for a living as a Swing Trader for over 48 years.