Identify oversold ETFs: Use technical analysis tools like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) or Bollinger Bands to identify ETFs that have experienced a significant decline in price and are considered oversold.
Evaluate the ETF: Once you have identified oversold ETFs, evaluate their fundamentals, such as the underlying holdings, expense ratio, liquidity, and trading volume. This will help you determine whether the ETF is worth investing in.
Set an entry point: Once you have identified the ETF that you want to invest in, set an entry point at a price level that you are comfortable with. This will help you avoid buying the ETF at a higher price than you had intended.
Monitor the ETF: After investing in the ETF, monitor its performance closely. If the ETF continues to decline, consider setting a stop loss order to limit your losses. Conversely, if the ETF begins to rebound, consider taking profits or setting a trailing stop to capture the gains.
YOLOD – AdvisorShares Pure Cannabis ETF: This ETF seeks to provide exposure to companies in the cannabis industry. The investment strategy of YOLOD is to invest in companies that are involved in various aspects of the cannabis industry, including cultivation, distribution, and research.
BBCD – Virtus LifeSci Biotech Clinical Trials ETF: This ETF focuses on companies that are involved in the development of new drugs and therapies. The investment strategy of BBCD is to invest in companies that are conducting clinical trials for new drugs, as well as those that have received FDA approval for new treatments.
KBWBD – Invesco KBW Bank ETF: This ETF provides exposure to banks and financial institutions in the US. The investment strategy of KBWBD is to invest in companies that are engaged in commercial banking, investment banking, and other financial services.
JETSD – U.S. Global Jets ETF: This ETF invests in companies in the global airline industry. The investment strategy of JETSD is to invest in airlines, airplane manufacturers, and other companies that are involved in the airline industry.
IWND – iShares Russell 2000 Value ETF: This ETF provides exposure to small-cap companies in the US that are considered undervalued by the market. The investment strategy of IWND is to invest in companies that have low price-to-book ratios, low price-to-earnings ratios, and high dividend yields.