Non-monetary assets are possessions that a firm has but whose financial value cannot be determined with certainty. These are possessions whose monetary value is subject to wide fluctuations over time. A business could need to replace its non-financial assets if they deteriorate or become outdated. Factory-built tools and vehicles are one illustration of this. In general, non-monetary assets are those that are shown as such on the balance sheet but which cannot be quickly or easily converted into cash or cash equivalents.
As we all know, 2022 has been a painful year, and it continues to be so. What works during a bearish market are a few strategies: shorts, inverse ETFs, holding cash positions and day trading. Today we take a look at ATXI and see how we day traded it. Watch this video to get the technicals. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is