20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
The biotechnology sector has been on fire thanks to news from Biogen Inc. (NASDAQ:BIIB). The FDA approved its controverisal drug that can treat Alzheimer’s Disease.
Not surprisingly, there have been big moves by many of the stocks in this sector. Aggressive investors have been buying the Direxion Daily S&P Biotech Bull 3X Shares ETF (NYSE:LABU).
This ETF seeks the daily investment results, before fees and expenses, of 300% of the performance of the S&P Biotechnology Index for a single day.
See Also: 5 Biogen Analysts On FDA Approval Of Alzheimer's Drug Aduhelm, Broad Label, Pricing
If the index continues to move higher, LAU should move by about three times as much. But it goes the other way, too, and investors need to exercise caution. If the index heads south, LABU will fall by about three times as much.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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