I am considering doing the following:
Put out GTC order to buy 1 share of SPXL or TQQQ at $1 price increments all the way down to $1.
Example:
Buy 1 @ 75.00
Buy 1 @ 74.00
Buy 1 @ 73.00
…
Buy 1 @ 1.00
I suppose the same could be done for a non-leveraged ETF and/or a stock.
Has anyone tried something like this?
I have a feeling that it sounds better in your imagination than it actually is?
Timeframe is not “investing” horizon, but still much longer than day or swing (although if there were an unforeseen bounce I might sell).
A possible accessory to this would be taking 50% profits and buying into SH, PSQ, SPXS, and/or SQQQ.
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