Like it or not, the small cap index, Russell 2000 is breaking out in a big way.
We’ve been moving sideways since late 2016 and just this week we saw a gap and go sharp move to all-time highs and are in the process of resolving this 20-week range to the upside.
For all the bear attacks incoming, yes this move can fail, yes we’re overbought and yes, we do have plenty of headline risk over the near term with earnings, fiscal policies, government budget shutdown issues, etc. that could de-rail this move.
Trading is difficult.
Anyone who tells you otherwise probably hasn’t traded long enough, or is trying to sell you something.
I certainly don’t have all the answers, but I have learned a lot over the years and, throughout this post, I’m going to share with you some high-level trading tips, tricks, and painfully learned lessons I’ve picked up along the way.
Leveraged ETFs get some very divided opinions in the investor and trading community.
On one end of the spectrum, they get tremendous love from adrenaline-chasers looking to bet it all for a quick double on their account in short time.
And on the other, there is a great deal of hesitation backed by an army of articles written with the warnings