Month: September 2022

CSP III: Finding 1% per Week Trades

by

From CSPs II, I’ll continue with SPXU. It’s Sunday, 9/18/22, and this is the recent 1-month SPXU price action: And the 5-day chart: Notice the “support” area at the blue arrow, about 15.20, and the previous low before that, the black arrow. More about those below. SPXU is in a fairly solid uptrend, especially on the 5-day chart. I like to look back at least as far as the DTE I’m selling, and preferably 3 times as far back, to …

Read More

CSP II: 1% per Week from ETFs?

by

Can that be done sustainably? People will say that 52% per year is a pipe dream, can’t be done. And that’s annualized simply: compound 1% per week and you get 67% per year. Or using the Rule of 72, your account would double in 72 weeks, which is less than 1 year and 5 months. This will be an experiment to find out. Why ETFs? Because they’re generally less volatile than stocks. Being baskets of stocks, bad news from one …

Read More