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.
If the market continues to drop, shares of the Direxion Daily Financial Bear 3X Shares ETF (NYSE:FAZ) should skyrocket. It is designed to move in the opposite direction of the financial sector stocks. If they go down, FAZ will go up.
This ETF also uses leverage. This can add to the profits.
For example, if the financial sector drops by 1%, FAZ should rally by about 3%. If the sector is down 2%, FAZ should gain about 6% and so on.
But investors need to exercise caution. Leverage is a great thing if the market moves as predicted, but not if it doesn’t. If the financial sector moves higher, the opposite will happen. FAZ will fall by about three times as much.
To learn more about trading, check out the new Benzinga Trading School.
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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