Re: Justbizness45's Account
Originally Posted by
justbizness45
Put in a limit sell on my FAZ @ $20.50. I've got to start remembering to do that. I could have been out of it today as the high was $20.60 but I didn't set a sell limit.
The 3X makes me nervous to stay in long term.
First of all, my friend, thanks for your visit to my home and for the kind words!
I know what you mean about staying in FAZ, or any leveraged EFT for that matter. The fact that each day is a clean slate up or down, rather than having it be a simple compounding of the 1x ETF over time, is a different concept to wrap our heads around.
And I get the feeling that "FAZ" is going to become one of our MB family history words. You know ... those things that have added meaning to us because of a backstory? For the moment, it seems to be a learning opportunity for us all.
Lady
If you think education is expensive, try ignorance. - Derek Bok