Best ETF to Trade Nickel | NIKL | Quick Take

In this short [Best ETF to Trade Nickel | NIKL | Quick Take] video , I discuss an interesting find on the stock market - a nickel mining ETF | NIKL | that caught my eye. As someone who has been keeping a close eye on the electric vehicle (EV) market, I noticed that nickel is one of the primary elements that go into EVs, making this ETF a potential opportunity for investors.

I delve into the risk versus reward profile of this NIKL ETF, which currently stands at almost two - a ratio that I personally find appealing. I also touch on the recent performance of nickel, which has been impacted by the shift in popularity towards EVs. However, it seems like the tide may be turning, as the price of nickel has bounced and shows signs of potential growth.

I also note that this NIKL ETF is not optionable, but that doesn't diminish its potential as a trading opportunity. Additionally, I share some insights on the companies involved in nickel mining and how this ETF gives us a convenient way to trade specifically in this sector.

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The Markets Spring Forward Too | [Weekly Trading Game Plan] 3/11 – 3/15/24 | Part 1 https://youtube.com/live/83JeWSfQPvA

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REFERENCES
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Weekly Trading Game Plan Notes for 3/11 – 3/15/24 - Part 1 https://docs.google.com/document/d/1YF8itc1bZ5nggexi6YLc_ZXTSN_N5Uw_HI-bpLgAcfI/edit?usp=sharing

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TRADING PLATFORMS
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✅ Webull – Get FREE stocks with Webull https://bit.ly/3jKfvw5
✅ E*TRADE – Use our link and we both get rewarded! https://bit.ly/3zP6rvB
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#NIKL #Nickel #etfs

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