JTH's Account

[JTH]

Bought SDS @ 69.71

[etftalk]

Bought FAZ @ 9.97

Good luck. I hope the stress tests results are legit and not fluffed up like some earnings we've seen.

[JTH]

Bought SLW @ 7.68

[JTH]

Good luck. I hope the stress tests results are legit and not fluffed up like some earnings we've seen.

Lol legit? I'm counting on that.

[JTH]

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[JTH]

I'm position sizing now, which means I'm trading a slimer profit margin for safety. The truth is I don't have enough buying power to make the big moves that make a difference.

My 3 biggest mistakes this year.

1. Selling too quickly: Simular to what Upreand and others have said. I've owned stocks that have doubled and tripled, just weeks after I sold them.

2. Not hedging: I should use my TSP to hedge when I'm being proven wrong by going short.

3. Position sizing: My 1st postion in FAZ was a big hit. But the real mistake was the postion size.

I'm still a bear and will stay short below the S&P 500's 875.63

My SDS has a mental stop of 64.00

FAZ just bounced off 1 pennie higher than its 52 week low of 8.50 My stop on FAZ is just a few pennies below that.

My SLW gapped up this morning, my stop is @ 7.20

[JTH]

FRACK!!!

I just got stopped out of FAZ

[Uptrend]

Could be my risk tolerance, but when entering FAZ I do not use a stop, because it swings wildly. It's not like the ETF is going to fail tomorrow, geez we are in a full blown recession/depression. I try to time the FAZ uptrend with the market downtrend. Looks good now with the upcoming bank stress test uncertianity. Just saw a report tonight that suggests that Citi and BOA need more capitol. I am planning to hold FAZ until about spx 875, and I will fine tune with the FAZ chart and BKX as we go along. Thinking 1-2 week trade. Very exciting! IMO, it's the best trade out there and still a screaming buy. Some say trading FAZ is un-american, but I say you fool CEO's got yourself into this mess, so I might as well have a few pennies.

[Bullitt]

JTH, are you buying SLW because you believe that commodities will continue to lead this next cyclical bull or is this just a one week fling?

[JTH]

Could be my risk tolerance, but when entering FAZ I do not use a stop, because it swings wildly.

I hear ya there UpTrend, but heck my timing and lack of patience kill me more than my stops do. I placed a 8.35 stop on that trade because I figured that if it blew through that stop then we'd be going down to a lower trading range. Well I was wrong, although we did dip down into the 7s we did manage to get back up into the 9s. I'm done with FAZ (for now.)

The truth is I shouldn't be trading FAZ/FAS because it's not something I believe in. We're entering a new era of government intervention/regulation and the only way I can vote against it, is to vote with my money...