I sold DRIP, DRV, and NUGT for +19%, +19.6%, and +9% gains. The last two were double sized positions and I’m incredibly grateful for having the foresight to get involved. With some of my cash, I stepped in and bought a basket of SAAS stocks: HUBS, NEWR, and MDB.
Will stocks catapult higher?
I’d like to believe so, at least for the week. But in the event I’m wrong, I have 50% cash to buttress my fall. I will be using price momentum to direct my investments. I might buy more, maybe not. The point is, when you have nice gains in leveraged ETFs, you have to book them.
Off to look for some new longs.
If you enjoy the content at iBankCoin, please follow us on Twitter
I’m still mostly long, but I had to put my NFLX shorts back on. They are just so roomy and comfortable. $227…