Isn’t it funny? We just talked last night about the “sell a house to trade stocks” rumor among Korean retail investors, and today $KORU put on a roller-coaster act. It got smashed from 21.8 down to around 19, then was pulled back. The 20.79 level isn’t exactly pretty, but it’s also not too bad.
Honestly, this kind of 3x leveraged ETF is basically an emotion amplifier—its 24-hour swing is already over 15%, which is much more exciting than the spot market. For day-traders/scalpers, they’re watching the 19 support; if it breaks, it will probably dip toward 18.2 to test it. And if it can hold above 21.8, then maybe there’s really a trend setup.
But everyone knows you can’t treat products like this as something to keep overnight like it’s precious—daily decay is the kind of thing that eats you and doesn’t leave even bones. If you want to trade it, go in and out quickly; place your stop-loss below 18.8, and don’t get sentimental about it. The linkage between $KO and $KORU has been pretty obvious lately—every time Korean local tech stocks plunge, this one drops more happily than anyone.
Last night, the Fed’s little drama again made the whole Asia-Pacific region shake. The trend of $KORU looks like someone already drew the chart in advance. Anyway, I don’t believe in coincidences. When you reach a level, you act; if it breaks, you retreat. Don’t fight with the market—don’t fight with your own position either.
Honestly, this kind of 3x leveraged ETF is basically an emotion amplifier—its 24-hour swing is already over 15%, which is much more exciting than the spot market. For day-traders/scalpers, they’re watching the 19 support; if it breaks, it will probably dip toward 18.2 to test it. And if it can hold above 21.8, then maybe there’s really a trend setup.
But everyone knows you can’t treat products like this as something to keep overnight like it’s precious—daily decay is the kind of thing that eats you and doesn’t leave even bones. If you want to trade it, go in and out quickly; place your stop-loss below 18.8, and don’t get sentimental about it. The linkage between $KO and $KORU has been pretty obvious lately—every time Korean local tech stocks plunge, this one drops more happily than anyone.
Last night, the Fed’s little drama again made the whole Asia-Pacific region shake. The trend of $KORU looks like someone already drew the chart in advance. Anyway, I don’t believe in coincidences. When you reach a level, you act; if it breaks, you retreat. Don’t fight with the market—don’t fight with your own position either.
