/biz/ - Business & Finance

>>17178764
>Have you considered swing trading SOXL?
Yes sir and I do. I trade three markets and move money back and forth between them as they ebb and flow. I have a few hundred thousand in bitcoin that I've been selling lately to take advantage of the corona-dip though I probably won't be putting anything back there unless crypto gets a lot more impressive soon. I trade futures too, mostly the e-mini ES and have been doing big things scalping the 1 minute though, again, I probably won't be pulling much cuz it's easy to assume too many contracts and get in trouble so being massively funded is a must. SOXL gets my bitcoin sell money and I ratchet up further and further. I guess not swing trading per se cuz I don't sell very much SOXL only buy more on dips. When all my bitcoin money is in it though I'll start selling some and buying back on dips.
>>17178791
It's my experience picking individual stocks from a group as stellar as what you'll find in the SOXL ETF is almost impossible. I mean they're all great with similar fundamentals. The biggest semiconductor memes right now are AMD and NVDA if you want to try your luck but my suggestion is to get the whole list from the Van Eck site and try to get a good mix of everything. If you have access to options you can structure spreads that will get you any leverage you want then just rebalance manually. It's not too hard.