Re: Justbizness45's Account
I have known how leveraged ETFs work and have always been leery of them. I will only use FAZ or FAS in a rapidly falling or rising market, and just hold for a few days.
Re: Justbizness45's Account
Got out of UCO 2X leveraged today @ 9.33. Good day for oil so I only lost 8%. I was down a lot more yesterday. Learned my lesson on leveraged ETFs.:wacko:
Bought some F today on a long term hold. Putting it away and forgetting about it.
Thanks to everyone for all the good discussion.:)
Re: Justbizness45's Account
Quote:
Originally Posted by
justbizness45
....Learned my lesson on leveraged ETFs.:wacko:
....Thanks to everyone for all the good discussion.:)
Boy, do I hear that! No leveraged ETFs for me either for a while. Got to learn to walk before I can run.
Thanks for hosting this discussion. :)
Lady
Re: Justbizness45's Account
Quote:
Originally Posted by
XL-entLady
Got to learn to walk before I can run.Lady
More like running with scissors. :toung:
I never had plans on holding these ETFs for more than a few days. From now on I'll have to use stops, release quicker, and look for stronger opportunities.
Re: Justbizness45's Account
Quote:
Originally Posted by
JTH
More like running with scissors. :toung:
I never had plans on holding these ETFs for more than a few days. From now on I'll have to use stops, release quicker, and look for stronger opportunities.
For me it's like taking the grandkids to the park, if I can't watch they can't go. I can't trade at work so these leveraged ETFs are only for use if I am not working, which seems like never..:nuts:
Re: Justbizness45's Account
Oscar's video today, the market's going UP!!:nuts:
http://www.youtube.com/watch?v=i46gxnIDfRI
Re: Justbizness45's Account
Quote:
Originally Posted by
justbizness45
Got out of UCO 2X leveraged today @ 9.33. Good day for oil so I only lost 8%. I was down a lot more yesterday. Learned my lesson on leveraged ETFs.:wacko:
Bought some F today on a long term hold. Putting it away and forgetting about it.
Thanks to everyone for all the good discussion.:)
Well so much for putting away and forgetting about it. Buy price was 2.90. Today it hit 4.00 and I didn't have a stop in. :embarrest: 26% up at close I guess I am going to sell. I didn't expect this much this fast, but I am not going to look a gift horse in the mouth, sooo put in a sell order for 3.70. I may revise it in the A.M. depending on the futures.
Re: Justbizness45's Account
Put in a buy order for dbb @ 13.80. Sell order for F is in @ 3.65.
Still holding SLV.
Re: Justbizness45's Account
Quote:
Originally Posted by
justbizness45
Put in a buy order for dbb @ 13.80. Sell order for F is in @ 3.65.
Still holding SLV.
Too high a percentage tied up in SLV. Placed a sell for half @ 12.00
Re: Justbizness45's Account
Final stats from this mornings orders:
F sale closed @ 3.65 (+25.8%) bought @ 2.90
Bought DBB @ 13.65
Sold 50% of my SLV @ 12.00 (-8.5%) bought @ 13.11