Originally Posted by
Here$14U
Cancelled the TZA limit order to sell some at 76.47 as the markets were starting to weaken again. Sold that batch at 79.55 instead, 3% higher than I originally paid for it. I did buy some more however at $75.44 earlier in the day but can't sell it till some of my previous trades settle. My average cost now is $73.80 for the shares I do own (closing price today $78.96). I'm still expecting the Russell 2000 to move down in coming days, so for tomorrow,
I will sell another batch 3% higher than my last sale @ $79.55 which will be $81.93 should we go that high. Also I will buy another batch 3% lower than $79.55 my last sale price at $77.16. If one of these trigger than I adjust my buy and sell limit orders 3% above and below the last trigger price whether it be $79.55 or $77.16. Simple system, for a bullish situation for TZA. I find it easier concentrating on 1 or 2 stocks rather than dealing with more. I think oil may be ripe soon for a SCO play, as well as gold for a GLL play. Also the semi's for a SSG play. Even silver for a bearish move using ZSL. We'll see how they look tomorrow. If these appear ready for a bear play tomorrow (are up) I may do a pilot buy into one of them. Good luck trading.:)