Betting against speculative Techs
Updated
About Tuttle Capital Short Innovation ETF
The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF.
Entry: 42.5-45.5
Stop loss: close below 41
Reward/Risk: depends on entry and target
Target range: short term 53 midterm 63
Time Frame: 2-6 wks
Possible gain: 20-42%
Possible loss:10%
Position size: 5 % of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF.
Entry: 42.5-45.5
Stop loss: close below 41
Reward/Risk: depends on entry and target
Target range: short term 53 midterm 63
Time Frame: 2-6 wks
Possible gain: 20-42%
Possible loss:10%
Position size: 5 % of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Note
Stop loss update to 48.60 (+10%) from entry(44)Note
#SARK close at 50.95 +15.7% gain in 4 days(we will open at possible lower prices)
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