(FAZ,SDS,TZA,and SRS) are not equities I would hold for a long
period of time. They are short term trading vehicles. The only way
I might hold i
s short if I can get shares. e.g. short FAS if you think the market
is going down. Either way, don't hold too long. In choppy markets
you can get killed with the daily resets.
I've been using some 15 minute charts to get a trend direction
and then buying and holding TNA/TZA for a few days. Or even a few
hours like Friday afternoon. I would not hold any of these for a
long time. Catching the recent "bottom" on July 5th and holding
long was a tough thing to do as these move very quickly.
Many "experts" are calling for a big drop in the markets, so
that probably means we will be going up. Who knows what will really
happen?
As Matt said, have a plan and do your homework. Are you talking
401K/IRA/529 money? Or short term trading money? What? I have
different strategies for different accounts. My 401K money is 75%
in stocks right now. I have an IRA in 75% cash (I switch the cash
from TZA or TNA depending on the markets.) Right now all I see is
chop so I've been in cash for the last two weeks. But I am up 20%
in that account over the last 2 months.
...and I have two account where I go to cash each night. One for
futures only and one for stocks and ETFs like TNA/FAZ/VXX etc. It
all depends on your specific goals for that money.
I'm not saying do what I do, but know what you want to do and
have a plan based on when you will need the money.
Thank you all for your
replies to my post. Seems pretty clear what I need to do, and I
believe the replies here are from successful traders. Funny, seems
to me that if you play the market correctly, by strict rules and
discipline, it is almost a mathematical certainty, (with proper
money mgmt. stops, having and sticking to your own plan etc.) that
you will make money. If not, just as certain the opposite will
happen. Hmmmm..... I almost think it is just that easy.....(or
hard) LOL.
Best to you all...
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(FAZ,SDS,TZA,and SRS)
I'm just confused as heck. Are we going down over ...
Posted by philr on 7th of Aug 2010 at 04:58 pm
Jim,
(FAZ,SDS,TZA,and SRS) are not equities I would hold for a long period of time. They are short term trading vehicles. The only way I might hold i s short if I can get shares. e.g. short FAS if you think the market is going down. Either way, don't hold too long. In choppy markets you can get killed with the daily resets.
I've been using some 15 minute charts to get a trend direction and then buying and holding TNA/TZA for a few days. Or even a few hours like Friday afternoon. I would not hold any of these for a long time. Catching the recent "bottom" on July 5th and holding long was a tough thing to do as these move very quickly.
Many "experts" are calling for a big drop in the markets, so that probably means we will be going up. Who knows what will really happen?
As Matt said, have a plan and do your homework. Are you talking 401K/IRA/529 money? Or short term trading money? What? I have different strategies for different accounts. My 401K money is 75% in stocks right now. I have an IRA in 75% cash (I switch the cash from TZA or TNA depending on the markets.) Right now all I see is chop so I've been in cash for the last two weeks. But I am up 20% in that account over the last 2 months.
...and I have two account where I go to cash each night. One for futures only and one for stocks and ETFs like TNA/FAZ/VXX etc. It all depends on your specific goals for that money.
I'm not saying do what I do, but know what you want to do and have a plan based on when you will need the money.
Thank you all for
Posted by Jim on 8th of Aug 2010 at 10:12 am
Thank you all for your replies to my post. Seems pretty clear what I need to do, and I believe the replies here are from successful traders. Funny, seems to me that if you play the market correctly, by strict rules and discipline, it is almost a mathematical certainty, (with proper money mgmt. stops, having and sticking to your own plan etc.) that you will make money. If not, just as certain the opposite will happen. Hmmmm..... I almost think it is just that easy.....(or hard) LOL.
Best to you all...