I bought LABD June $28 calls when it looked like it was
going to turn up yesterday morning. It’s only down 10% so far and
lots of time to expiration. Any thought about holding or folding
while loss is minimal? Thanks.
mdgfain - stopped at the 200 MA, was really only setup for a
quick trade , otherwise could monitor tan uptrend line for a stop
area. Yes you have crazy lots of expiration time, wonder why
you went so far out with a triple short ETF like that? I view
those ETF's as short term trades only.
MATT, thanks for taking the time to answer. I am a swing trader,
don’t have time to day trade as an ER Doc. I did the TQQQ because
it looked like the pattern long term had to turn up sooner or
later, and chose June instead of March in case it took longer to
play out. Of course, I know I’m losing theta. That was my
reasoning, but greedy swings for the fences can get you burned.
Maybe QQQ’s would have been a safer choice. Thanks for you
help.
I bought LABD June $28
Posted by mdgfain on 25th of Jan 2019 at 12:29 pm
I bought LABD June $28 calls when it looked like it was going to turn up yesterday morning. It’s only down 10% so far and lots of time to expiration. Any thought about holding or folding while loss is minimal? Thanks.
mdgfain - stopped at the
Posted by matt on 25th of Jan 2019 at 12:52 pm
mdgfain - stopped at the 200 MA, was really only setup for a quick trade , otherwise could monitor tan uptrend line for a stop area. Yes you have crazy lots of expiration time, wonder why you went so far out with a triple short ETF like that? I view those ETF's as short term trades only.
MATT, thanks for taking the
Posted by mdgfain on 25th of Jan 2019 at 01:07 pm
MATT, thanks for taking the time to answer. I am a swing trader, don’t have time to day trade as an ER Doc. I did the TQQQ because it looked like the pattern long term had to turn up sooner or later, and chose June instead of March in case it took longer to play out. Of course, I know I’m losing theta. That was my reasoning, but greedy swings for the fences can get you burned. Maybe QQQ’s would have been a safer choice. Thanks for you help.
BIB BIS 2times proshares. Proshares
Posted by highroller on 26th of Jan 2019 at 03:16 am
BIB BIS 2times proshares. Proshares etf list on google and much saner than 3+ gig. Widow makers they are!