/biz/ - Business & Finance

>>16783363
It's discretionary since I don't use any TA and I don't base my trades on a rigorous step by step series of numbers. I zoom out and look for "typical" drops. Like the green lines I drew on pic related. That's for the SPXL ETF, another instrument I trade regularly. When the price just "looks" right to me and drops about that far I'm inclined to nibble on it. If it drops that much again, I go in more. If it keeps going, I just buy and buy until my stack is exhausted comfy in the belief it will eventually go back up and since we'be more or less been in a bull market for the last 150 years I feel pretty good about it. I'm young enough so even if we went into a decade long depression I'd still come out on top just buying the bottom as it goes. Not saying this strategy is for everybody but it works for me and I've made a few hundred thousand with it so far.