etftalk's Account

[etftalk]

I am buying SSO here $37.06.

Sold SSO @ $38.81

[etftalk]

Other than a small position in VXX (play on the VIX) I have been sitting in cash waiting for an opportunity to go long stocks. This marktet is too dangerous to try to short, so I will try to continue to be patient.

[etftalk]

The VXX has about the same success as a 3X ETF. That is, the underlying index can go in your direction, but the ETF does not pay. The VIX was up almost 5% today, yet the VXX ETF was up just 1.1%.

For the day:



Last 6-months:

[etftalk]

I bought some RIMM this week (48.30). I like the action, but I'd like to see it be able to hold the 50-day EMA for a few more days. My initial target is the 200-day EMA but I will stick with it until the new ascending trend breaks.

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I got pretty hot over the summer and made some very nice gains in the account, but this fall has not been good to me so far. I'm zigging when I should be zagging, and zagging when I should be zigging.

I'm holding onto RIMM and have been trading mostly SDS, SSO, and EFA.

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I had raised my stop once already and it just missed, by .09, getting hit this morning, and seems to be bouncing off the lows. I should probably add here, but I added on the prior dip so I have enough in this game.

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Back to the top.

Don't you just love those "fake out" moves prior to the big moves? It sure can be misleading to the small guys as they clean out the stops.

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Still looking good. Breakout above trend, right into a bull flag that tested to old resistance / new support...

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I had raised my stop once already and it just missed, by .09, getting hit this morning, and seems to be bouncing off the lows. I should probably add here, but I added on the prior dip so I have enough in this game.

I raised my stop on RIMM to 49.25.

More on this RIMM trade... http://www.etftalk.com/forum/showthr...=3383#post3383

[etftalk]

Stop on RIMM raised to 53.66.

Bought UNG @ 5.96