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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 690.270.0%Dec 26 4:00 PM EST

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To: Turtles_win who wrote (180514)10/12/2022 12:11:58 PM
From: GROUND ZERO™  Read Replies (1) of 220729
 
If I were only net long, then you would be exactly right...

BUT...

A declining market makes no difference to me, I'm also short the SOXX in a well balanced ratio, so anything I lose on the long side of the SOXL I more than make up with the short SOXX...

THAT'S the beauty of the smart spread...

So, the downside risk is nonexistent, it's only a matter of waiting it out...

Frankly, it's more boring than anything else, but, as they say, patience is a virtue...

GZ
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