Welcome back Readers, Investors, and Traders!!! As many of you know I am invested long term in a portfolio I built around the Covid-19 pandemic. So far the portfolio is up 40% overall! My best performing position in terms of actual net gains is Wells Fargo (WFC). American Airlines (AAL) has been quickly gaining as well right behind Wells Fargo .

I have decided to add something else to my portfolio, and I want to reiterate that I am not a financial advisor. You must accept the risk any investment carries inherently with it, as well as invest independently from anyone’s opinions outside of a professional. With that out of the way, I have added two new positions to the portfolio that I will be averaging into for the long term……hopefully! I have purchased shares of two Market Bear ETF’s that are leveraged. I am buying these on my own opinion that the market is way overvalued and needs to retrace! I currently have 11 shares of Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS), and 13 shares of ProShares UltraPro Short QQQ ETF (SQQQ).

SPXS Daily Chart ThinkOrSwim

SQQQ Daily Chart ThinkOrSwim

My honest hope is that I can get to the point where I am holding 100 shares of each while buying more into the higher moves if this market can sustain it. Only time will tell but outside of these two positions, the rest have done very well and I am expecting them to continue to perform positively. I have averaged into my previous holdings slowly, and now have an overall equity value of about $2,000.

Published by Eric Jobb

Hello everyone, my name is Eric and I am the founder of TheFreedomGrind. I love to trade stocks and futures, It's my passion, and I will never go back. I have taken time, money, and energy learning the market. There is no secret trick, no gimmick that will get you closer to being profitable. It will take time, money, and energy to make gains as a day trader. I created the blog and the YouTube channel to provide as much useful information about trading to anyone who has the desire to become a trader.

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