Quick lesson, I will be long SKF and as it's rising i'll start "planting" it's counterpart UYG in case of reversal which will occur but noone can predict. Then when it reverses I start booking the UYG's and "planting" SKF's
Make any sense????
Look at your stocks or ETF's in terms of simply buying on dips and addding more if it dips further. Of course this won't work too well with a stock thats tanking, but in the SLW case, I just bought at $13.97 and would add basically every 5% pullback after that. I have SLW lots going all the way to $17 from when it pulled back from $19 area. Now every 4% or so i'll book and if it pulls back again i'll buy again.
Planting & Booking (OFTEN) is the key.
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