High Beta Bear | HIBS | Long at $22.00 (September Only)

Actualizado
Historically, September is one of the worst performing months in the stock market. A hedge against my bets for this month is to buy shares of Direxion Daily S&P 500 High Beta Bear 3X HIBS as a volatility play. The index provider selects 100 securities from the S&P 500 Index that have exhibited the highest sensitivity to market movements, or “beta,” over the past 12 months based on the securities’ daily price changes. This isn't "buy and hold" play, whatsoever - you'll loose. It's a short duration hedge using seasonality odds that *may* be in my favor (i.e., September sucks)

Target #1 = $24.85
Target #2 = $26.00
Target #3 = $28.00+

A stop exists below $20.00.
Nota
Target #1 reached ✅✅✅. Sold most shares with 14% gain. Stop moved to entry.
Nota
Target #2 reached for an 18% gain ✅✅✅.
Operación cerrada: precio stop alcanzado
Trade closed - stopped reached after two targets reached ✅✅✅
betaBeyond Technical AnalysisEconomic CyclesHIBSSeasonalityVIX CBOE Volatility Indexvolatilityindex

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