Justbizness45's Account

[Uptrend]

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.

[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.

Bought some F today on a long term hold. Putting it away and forgetting about it.

Thanks to everyone for all the good discussion.

[XL-entLady]

....Learned my lesson on leveraged ETFs.
....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

[JTH]

Got to learn to walk before I can run.Lady

More like running with scissors.

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.

[justbizness45]

More like running with scissors.

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..

[justbizness45]

Oscar's video today, the market's going UP!!

http://www.youtube.com/watch?v=i46gxnIDfRI

[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.

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. 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.

[justbizness45]

Put in a buy order for dbb @ 13.80. Sell order for F is in @ 3.65.

Still holding SLV.

[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

[justbizness45]

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