Also added to KWEB etf Tuesday morning

As stated in previous posts, I have been patiently waiting to add to my KWEB etf that represents the biggest and best chinese internet companies. I will admit I dont like how hard the stock is pulling back, I prefer it to be more soft and controlled, but the etf is getting clobbered several days in a row now. That alone is not enough to change my opinion on the trade, but also it warrants paying attention and having a clear, defined stop out level. Members can check my stop-out levels for all holdings, as well as total position sizes and unrealized P+L in my daily account statements. One a trade like this, it pays to know when you will get out to cut losses.

For now we are not near that area, so its still time to accumulate. It could also be this shrap pullback is a gift, giving us much better entry prices on the remainder of our buys. I bought LEAP calls on KWEB that expire in Jan 2023, so I have lots of time in case it takes awhile for a strong uptrend to resume. I like lots of time to expiry when buying options, since things can take longer than we would like, at times. I still have room to add more in the context of my limited total risk numbers, which are taken into account when determining my stop-out levels. Here is the KWEB daily chart again.