The best thing to do is you guys to do a little home work either
at night or in the morning before the market opens, you only need
about 10 - 20 min, just look over things, write some notes down
about the market such as support and resistance levels and save the
charts, and look at the watchlist and trade ideas list and pick the
ones that you like best and have them in front of you ahead of time
so that when they trigger you are ready. trying to do it all
intra day without having looked at them before causes you to get
the 'deer in the headlights syndrome' where it's tough to make
a decision when things are moving quickly. The trick is to do
the homework and making trading decisions ahead of time so that you
can just react when a trade triggers.
if you click the trade ideas button on the right, you'll find
TZA, open the chart and you will see it has just cleared the
downtrend line. Whether and when you short it and where to
place a stop.................those are bigger questions.
Depends on your style, risk tolerance, etc. I am long TZA
from a couple days ago and just approaching break even and have not
chosen to add to the position yet, FWIW......
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tza
Posted by hstrader on 27th of Oct 2010 at 11:31 am
Matt put up a chart of TZA monday, has it broken the down trendline yet? If so do we short TNA?
thanks
New here today
The best thing to do
Posted by matt on 27th of Oct 2010 at 11:40 am
The best thing to do is you guys to do a little home work either at night or in the morning before the market opens, you only need about 10 - 20 min, just look over things, write some notes down about the market such as support and resistance levels and save the charts, and look at the watchlist and trade ideas list and pick the ones that you like best and have them in front of you ahead of time so that when they trigger you are ready. trying to do it all intra day without having looked at them before causes you to get the 'deer in the headlights syndrome' where it's tough to make a decision when things are moving quickly. The trick is to do the homework and making trading decisions ahead of time so that you can just react when a trade triggers.
if you click the trade
Posted by Michael on 27th of Oct 2010 at 11:34 am
if you click the trade ideas button on the right, you'll find TZA, open the chart and you will see it has just cleared the downtrend line. Whether and when you short it and where to place a stop.................those are bigger questions. Depends on your style, risk tolerance, etc. I am long TZA from a couple days ago and just approaching break even and have not chosen to add to the position yet, FWIW......