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ProShares UltraPro Dow30PP

ProShares UltraPro Dow30

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UDOW trade ideas

UDOW a triple leveraged ETF of the DOW indexUDOW is shown here on the 30-minute chart rising over the past month in an ascending parallel channel. The chart shows the price currently situated near to the bottom of the channel which is the support trendline drawn onto the chart with the resistance trendline as well. My trading plan is I will take a long trade of 50 shares with a stop loss immediately below the support trendline. I see a targets as $ 62 and $ 65 making for a very favorable reward for the risk taken. For the entry, I will use the 5- minute chart and enter when the HA candles are green and the RSI is above 50. I realize that the DOW has less volatility than the S & P or NASDAQ but with that is less overall risk of reversals and pullbacks. I tend to take higher-risk trades but see this as having a balancing effect in my overall portfolio.
AMEX:UDOW
by AwesomeAvani
Leveraged Share Conversion Calculcator Indicator coming soon! To be released this upcoming week :-). Going over the functionality and setting up of my leveraged share conversion calculator indicator. I will link it below upon its release. This is the third and final reference indicator in my series, the other 2 being the Technical Dashboard and the P&L Indicator (I will link those below). At this point, I will be going back over feedback to make improvements on all of the indicators while I wait for a stroke of ingenuity to realize again ;). If you have feedback or technical problems with any of the indicators, please let me know in the comments but also if you can please include a chart image of any issue you are having, that would be very helpful. Any recommendations, please leave in the comments below. I have received a couple that are on the agenda for implementation, its just a slow process :-). Let me know your questions/comments and recommendations. Safe trades everyone!
AEducation
by Steversteves
How to set-up alternatives in your portfolio to dampen volTo start off, diversification is an investor's best friend and most handy tool. When thinking about long-term investing or even if you are a day trader trying to protect all your gains without just sitting on the sidelines, one must implement alternative investment strategies in order to stay afloat and provide some stability to their portfolio. To do such a thing, I would have 5 to 15% of your overall account value in cash ready to place these hedges. I will list 4 options to improve your portfolio's downside protection with #1 being the least risky and the most highly recommended for all types of investors, #4 being the riskiest and only recommended for those with large risk appetites. 1. A market-neutral fund: This is a fund that tries to hedge risk with an investment mix consisting of short and long positions. I would suggest this to every single investor no matter your risk tolerance. I suggest a 5% position. BTAL is a good option that I use. If you have mutual funds, CVSIX is the way to go. 2. An income-generating alternative fund: This is a fund that not only employs an alternative strategy but also pays a monthly dividend to allow for you to make new moves each month, padding other positions that have reached new lows as the bearish market conditions and turbulence continues. Now mind you, this is still giving you exposure to big holdings that have downside potential but you are in it for the dividends and strategies outside of equity. I would suggest a 5% position. JEPI is the best option, OUSA is the second-best in my opinion. JEPI sells call options in its strategies allowing for additional horsepower on the downside without you having to be monitoring a put or call option constantly. 3. Inverse ETFs: These are ETF's that are inversely correlated to the overall index. When the market zigs, these zag. For example, SPXS is 3x leveraged to the downside of the SPX while SQQQ is triple leveraged to the NDX, so when the index is down 1%, the etf is up 3%. I would only suggest 1 to 2% in each of these. I would avoid shorting the DJI because the average yield of the Dow Jones is still safe in comparison to the 10-year treasury bill. 4. Selling Calls against existing holdings/buying puts If you have holdings you really like but do not want to get rid of, you can sell call options against them. You have to have at least 100 shares for each single contract you sell. This is much more advanced and is only recommended to those who are savvy or fearless. Essentially, you say "Sure, if this stock hits this price, I will sell you my 100 shares at that price". The higher a strike price of the call that you sell, the less premium you will collect because the probability of it actually reaching that price is much lower. So for instance, if you bought 100 shares of a stock at $20, and it's now trading at $30, you sell a call at the $35 strike price for those $100 shares for $50 bucks; now there's two ways this plays out. (1) the stock hits the $35 strike and you get $3,500, locking in a $1,500 gain on your stock ($20x100=$2000) or you can always chose to buy it back if you think the stock is still going higher. OR (2) you collect that $50 bucks upon expiration if the stock doesn't hit $35. Buying a put would be to profit from a stock going down; so for a really easy example, a put on the QQQ would be extremely similar to buying the inverse etf SQQQ because in both scenarios, the investment vehicles go up when the Nasdaq goes down. You essentially are placing a bet that the stock is going down. The nice thing about this is you don't have to put up a 100 shares as collateral for each contract and that your loss is predefined. So if you buy a put option expiring April 1st on the QQQ for $150, you max loss is $150 bucks. On the other hand; the market crashed and the option hit in the money; you could be looking at anywhere from 100 to 600% return. This in turn is used as dry gun powder on that terrible red day; same with your other alternatives. They can be thought of as placeholders of your buying power for when the sh*t hits the fan. What's worse than seeing a firesale day full of top-notch opportunities and having no buying power? Nothing. Be very cautious with buying puts and even more cautious with selling calls. I'm still long the market! Btw if you want to play the DJI which should outperform the other two major indices; check out UDOW for 3x and DDM for 2x leverage. Happy trading
ALong
by EBITDAtiger
2
UDOW (leveraged product) used to Trade Sentiment of DJIAI use UDOW when I'm bullish on the DJIA, which I am. Yes, a leveraged product which inherits more RISK. This is not investment advise. A picture perfect ascending channel has formed. (blue lines) Start trimming positions at UDOW 104/share. No need to short, trust start trimming. BUY back more UDOW at bottom of blue channel, likely around 84, at orange line of support convergence. - Status Date: Dec 03, 2020 - Stay cool, stay humble, stay safe. - Cryptmando
ALong
by Cryptmando
OversoldThe market has been tanking lately, but the price is a bargain. Looking at UDOW which is a 3 X leveraged ETF of the Dow Jones, It is showing signs of oversold. The RSI is below 30, Price is riding the lower Bollinger Band and has even dropped below the band into oversold territory. The Market seems to be strong with positive earnings but buyers are gone. Price is presently holding near the 200 Day EMA making this a support level and a good buying opportunity. If price returns to its highs, this will present a 40% return on investment. I've read that this correction could put us out for 4 months until we see our record highs again. 4 month for 40%. Please feel free to comment. If im being dumb call me on it.
ALong
by Brotank77