Put in a trailing stop this am before leaving for work. It executed at 10.77 before I arrived. Should have sold on the pre-market. It would have sold for more. Still learning.
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Booked a profit - Cool! It seems that stops on FAZ, or any of these 3X ETF's are sitting ducks. Just too volatile. Of course I would have saved myself several thousand if I had a stop on my old FAZ position. :rolleyes:
Thanks Tom,
Looking at today's ride, I feel lucky to have gotten out unscathed let alone a small profit. Going to sit tight for now and watch when I can.
Debbie
Go figure FAZ. I seem to be a day late this year on just about every thing I do. Note to myself. When you want to trade, wait a day. geez.:huh:
I am thinking FAZ will take off. Next stop is $13.00, $18 by next week and $38-40 is a possibility in the near future. Planning to buy on the AM. Broad market is starting to fail.
Agree, now is the time to buy FAZ. Looking for a 1 - 2 hold at the most.
For anyone who is interested--
Inthemoneystocks.com has a free area and provides great analysis.
This one is well worth the read.
http://www.inthemoneystocks.com/n_ra..._rave_blog.php
They also do intraday short videos in the free site using the same url.
Many might already know what he is discussing, but I felt it was worth sharing.
wv-girl