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Thread: wv-girl's Account

  1. #1

    Join Date
    Dec 2007
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    906

    Default wv-girl's Account

    Good luck wv-girl!
    -- Tom | My Trades


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  3. #2

    Join Date
    Mar 2009
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    36

    Default Re: wv-girl's Account

    Thanks Tom it is good to be here.

    My Scottrade account is now set up and ready to trade. Have been watching FAZ and FAS to try and learn more about the 3x ETF's. I want to take some time to learn a little more before jumping in so I am exercising some patience. Right now FAZ is trading in the 13.90 - 14.12 range. I expect it to stay that way pretty much of the day. Dow can't seem to get much above 8,000, and S&P can't seem to get above 850ish or so. Zig-zag trading? Not so much for me anyway not yet.

    Update 1:08 pm
    FAZ is now at 13.38. Waiting until end of the day to decide if going in.
    Last edited by wv-girl; 04-09-2009 at 05:09 PM.

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  5. #3

    Join Date
    Feb 2009
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    654

    Default Re: wv-girl's Account

    Quote Originally Posted by wv-girl View Post
    ...
    Update 1:08 pm
    FAZ is now at 13.38. Waiting until end of the day to decide if going in.
    Hi and welcome again. Be careful with FAZ, okay? It's not good for much but day trading. Several of us have been bitten badly by that one.

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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  7. #4

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    Mar 2009
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    36

    Default Re: wv-girl's Account

    Quote Originally Posted by XL-entLady View Post
    Hi and welcome again. Be careful with FAZ, okay? It's not good for much but day trading. Several of us have been bitten badly by that one.

    Lady
    Thanks Lady. Been watching it and reading all of the other posts here. I think if I were to go in it would be for no more than 1 or 2 days max.
    I have to learn how to set limits on my trades, so I am reading all I can from the info at Scottrade.

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  9. #5

    Join Date
    Feb 2009
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    654

    Default Re: wv-girl's Account

    Quote Originally Posted by wv-girl View Post
    Thanks Lady. Been watching it and reading all of the other posts here. I think if I were to go in it would be for no more than 1 or 2 days max.
    I have to learn how to set limits on my trades, so I am reading all I can from the info at Scottrade.
    FWIW, if I don't have a reason to set a stop at a certain number, then I like to use a trailing stop set to a certain percentage, usually from 5% to 7% depending on the ETF. That's kind of my 'go to' way to set a loss limit. Other folks who are more adept at chart reading, like our fearless leader, know how to set a stop "under the previous day's low" or other ways that make sense from a charting perspective. I'm learning ....

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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  11. #6

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    Mar 2009
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    Default Re: wv-girl's Account

    Picked up FAZ @10.50

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  13. #7

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    36

    Default Re: wv-girl's Account

    Quote Originally Posted by XL-entLady View Post
    FWIW, if I don't have a reason to set a stop at a certain number, then I like to use a trailing stop set to a certain percentage, usually from 5% to 7% depending on the ETF. That's kind of my 'go to' way to set a loss limit. Other folks who are more adept at chart reading, like our fearless leader, know how to set a stop "under the previous day's low" or other ways that make sense from a charting perspective. I'm learning ....

    Lady
    Thanks Lady. Now that I have jumped in, I will be spending some time this week-end learning about all that stuff. I want to learn how to put a sell limit and what might be a fair price (if any). And how to get out quickly if it continues south. Actually, the trade executed for 10.49 but my buy limit was at 10.50. Keeping my fingers crossed for Monday.

    Thanks again.

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  15. #8

    Join Date
    Dec 2007
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    906

    Default Re: wv-girl's Account

    Quote Originally Posted by wv-girl View Post
    Picked up FAZ @10.50
    That's unbelievable. It's down over 90% in just over a month.
    -- Tom | My Trades

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  17. #9

    Join Date
    Jan 2009
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    215

    Default Re: wv-girl's Account

    Quote Originally Posted by wv-girl View Post
    Picked up FAZ @10.50
    Hope you pick up a good bounce on this trade.


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  19. #10

    Join Date
    Mar 2009
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    36

    Default Re: wv-girl's Account

    Quote Originally Posted by Gumby View Post
    Hope you pick up a good bounce on this trade.
    Thanks Gumby.

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