i haven't taken shorts home for a few days, but I am taking a
few hundred shares of TZA @44.2 and BGZ around 55.8, based on
ravun's chart, phi mate situation and the fact that today was
pretty good to me so I have a little buffer zone.
Posted by dallassteve on 26th of Mar 2009 at 09:11 pm
jlink, I am holding on to some shares of FAZ and SDS. I am
not advocating this to anyone, however. This is a pure
speculative play, and I am losing money on it. Sure, the
market will correct, but from what level? I'm looking forward
to the update tonight.
no doubt it's a relatively risky play. but I kind of think after
monday's huge up day, the market could be doing zig-zag on its way
up. So I am hoping to identify the support and resistance to make
money. that's why I picked tza a couple of minutes before the close
and bgz same thing to speculate an early drop tomorrow. Plus I have
stops in place. Also, I still keep a couple of mechanical
system on to trade antomatically.
two longer plays are GLD short and DZZ long - both are in the
money so I can afford to swing a little bit.
Ditto on holding the shorts, I sold all my longs last week in
anticipation of THE pullback, ending up with the same results.
Meanwhile, I paid the rent with a few scalps in today's
1minute channels of FAS & FAZ. Thanks everyone for
what you teach me, including the hard lessons.
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i haven't taken shorts home
Posted by jlink on 26th of Mar 2009 at 04:15 pm
i haven't taken shorts home for a few days, but I am taking a few hundred shares of TZA @44.2 and BGZ around 55.8, based on ravun's chart, phi mate situation and the fact that today was pretty good to me so I have a little buffer zone.
anyone with me?
jlink, I am holding on
Posted by dallassteve on 26th of Mar 2009 at 09:11 pm
jlink, I am holding on to some shares of FAZ and SDS. I am not advocating this to anyone, however. This is a pure speculative play, and I am losing money on it. Sure, the market will correct, but from what level? I'm looking forward to the update tonight.
no doubt it's a relatively
Posted by jlink on 26th of Mar 2009 at 11:57 pm
no doubt it's a relatively risky play. but I kind of think after monday's huge up day, the market could be doing zig-zag on its way up. So I am hoping to identify the support and resistance to make money. that's why I picked tza a couple of minutes before the close and bgz same thing to speculate an early drop tomorrow. Plus I have stops in place. Also, I still keep a couple of mechanical system on to trade antomatically.
two longer plays are GLD short and DZZ long - both are in the money so I can afford to swing a little bit.
ciao,
jlink
Ditto on holding the shorts,
Posted by straws on 26th of Mar 2009 at 09:32 pm
Ditto on holding the shorts, I sold all my longs last week in anticipation of THE pullback, ending up with the same results.
Meanwhile, I paid the rent with a few scalps in today's 1minute channels of FAS & FAZ. Thanks everyone for what you teach me, including the hard lessons.