Making Big Gains When the Market Makes Big Moves. Today, 03 September 2020, we saw a big dip in the market. The S&P 500 dipped 3% by 11:30 AM EST and this is how I took advantage of the it: Every morning, when I wake up, I take a look at futures. On this particular morning, they were all in the negatives. Then, I looked at my watch lists. By primarily looking at my list of the top 500 market cap companies, I anticipated a dip in the market. I’m always looking for a market dip. In my opinion, market dips provide a great opportunity to make money in both short and long term investments. Next, I looked at the VIX, the S&P 500 volatility index, and saw an increase. That cemented my decision. I went to my go-to stock for market dips, SPXS. SPXS is a 3X weighted bear EFT that tracks the S&P 500. Every 1% move downward in the S&P will yield a 3% increase in the price of SPXS. While I could have decided to short SPXL, a 3X weighted ETF that moves in the same direction as the S...
"A Wandering Mind" covers a wide range of topics, from cryptocurrencies and blockchain technology to personal development and societal commentary. The blog posts are insightful and thought-provoking, designed to inspire curiosity and intellectual growth in its readers.