Aug. 11 at 10:15 AM
$BERZ 3xbear, which started in May, is represented by SQQQ/SOXS/BERZ. Therefore, its loss rate is greater than other 3xbears. Compared to
$FNGD, which has a similar character, the average is very high.
BERZ started at an average of 10.37 and is currently at an average of 6.5, which is within the D-EMA60 line of 6.78, while FNGD started at an average of 7.08 and is currently at an average of 6.34, which is within the D-EMA20/6.36.
I believe BERZ's average price needs to remain below
$6 to be profitable, so I plan to achieve that goal this week. According to my calculations, I only need to add 20% of my holdings (less than
$4.80) to keep the average price below
$6.
The BERZ/FNGD buying range is 3-9% from the previous day's low price, at prices 4.66-4.38/5.82-5.48.