Ah_Meng
03-31

$Direxion Daily 20 Year Plus Treasury Bull 3x Shares(TMF)$ I have the opportunity to turn this around when people turns negative on $iShares 20+ Year Treasury Bond ETF(TLT)$ and the Treasury yield actually raises to attract more buyers. However, I am happy to go slow using the Auto-Invest function of Tiger 🐯 broker.

With Donald Trump coming to town, even he tells you what he wants, the market is still quietly hoping he will do otherwise. That adds to the volatility of TLT, and therefore resulting in great fluctuations in TMF. That's why I don't mind not averaging down quickly. I don't like to average down. I prefer to average up! Why? That means at least I am winning...  

I will take my time. How long? Longer than Donald Trump could legally be a President. Of course he signalled otherwise. We will see... This leveraged play has a place in my portfolio. It's like bond fund, a diversification from my everyday portfolio. Therefore I will continue to accumulate ever slowly. I can let it sit and I don't mind short term fluctuation or money losing. The lower price helps my accumulation. Furthermore, there's dividends to boot as a reward for my patience. The best part is that it is growing... With accumulations and time... Like a compounding machine...

@TigerStars  @CaptainTiger  @MillionaireTiger  

# Winning Trades

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  • Ah_Meng
    ·03-31
    TOP
    This is one of the few that I can say I don't mind taking a loss 😉 for the bigger pot at the end of the tunnel... [Happy] [Cool] [Tongue]
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  • Merle Ted
    ·01:32
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    When's TLT gonna get a significant pop? Been under 100 for too long.
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    • Ah_Meng: 
      Not yet... Treasury normally doesn't move quickly... that's why I have gone for its leverage counterpart. Shorting of index or VIX would yield bigger gains in a short time frame. Obviously, the risk is a lot higher
      10:06
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  • Enid Bertha
    ·01:30
    orange man gonna take TLT to 150
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    • Ah_Meng: 
      It will take a while yet... I prefer to short in a quick trade...
      10:07
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