The Financials: FAS vs. FAZ

[XL-entLady]

I have no problems with FAZ as a short-term trade only. But it sure does have to be watched closely and/or have stops in place.

Tim at Slope of Hope is a day-trader, and a good one. So I guess it isn't just us newbie swing traders that are getting bit by that one. My personal opinion is that FAZ is a very short 4-letter word.

Lady

[alevin]

Yup, glad my aversion to loss spotted the potential before I went out on a date with it. Stickin' with the single X's, still thinking about getting margin set up so I can do straight shorts, puts and calls, and not be limited to inverses. Corepuncher is having WAYYYYY too much fun with his margin, tho sounds like he has a big bigger stash to play with than I have to begin with. I move slow on important things, sometimes too slow-one reason 3x's and I aren't a good match.

[JTH]

This is a rough environment to trade in. I feel like a sniper hiding & waiting for the perfect kill, then looking for the nearest exit.

[XL-entLady]

FAZ is ugly again today. That ETF is a killer.

Lady

[alevin]

This is a rough environment to trade in. I feel like a sniper hiding & waiting for the perfect kill, then looking for the nearest exit.

You watchin too many Day of the Jackal movies again, JTH?

[XL-entLady]

You watchin too many Day of the Jackal movies again, JTH?

Just call him Carlos.

[XL-entLady]

John C. Lee, who is a fairly astute trader, says he's looking closely at the possibility of going long FAZ.

http://www.greenfaucet.com/blogs/the-exception

Lady

[JTH]

Gee, I wonder how they can both have bearish price objectives?

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[XL-entLady]

Gee, I wonder how they can both have bearish price objectives?

Until I go broke?

Lady

[etftalk]

Interesting JTH.