Posted 2/23/2024, 9:20:00 PM
Expert Advises Using Sector ETFs to Manage Risk in Volatile Market
- Manage risk in extended markets by trading areas that aren't as extended or adjusting position size
- Use leveraged ETFs like RETL to participate in sector moves with individual stock-like risk
- RETL showed relative strength versus technology, finding support at 50-day line
- Entered half-position in RETL on new breakout to account for market risk
- Took partial profits early to lock in gains in case of market reversal