The decay factor doesn't really work well unless you can hold the ETFs for an extended time frame. I still don't get it as far as your short...
I'd also rather side on the sidelines for 2 days than loose a ton of cash. So for being all-in as I was talking about, the only way to avoid...
Ahh ok....well that assumes you aren't all-in on that 1 in the hole.
faz is kinda like being able to go crazy, its leveraged so when things go your way, they are likely to go way out your way.
How about you don't go short C and long FAZ at the same time ?!? I understand about spreading your eggs, but C short derivitives is one of FAZ's...
and why not go long with FAZ at 8.40-8.50 when it is likely to gain a $1, but has a fair likelihood to gain as much as $3-5. FAS isn't going to...
I have no idea how options work, I have been reading about them, but I am having a hard time getting my head wrapped around them. I mean I know...
I am just waiting for the reversal. I know the Dow has gotta go down from here, but it could go up 25-35 points more before the plunge. FAZ tends...
Hehe, I should have gotten off at 9.30 yesterday, I got off this morning though before I got entirely killed. I lost 5%. Holy cow though, look...
Maybe, but I am not holding that long. I'll be in and out of FAS and FAZ many times over the next few weeks. Hopefully I'll be on the right side...
Well closed at 9.27, and I am holding overnight. Steve, my computer crashed while I was responding to you (and while I was holding FAZ and it...
well I hopped on FAZ at 9.06, in profit zone already so I hope I got in at a good time, looks like the dow is going to cumble in the last half...
I am still looking at FAZ and wanting to buy it right now....but I haven't yet
I am starting to think FAZ might be at a good price to buy right now....the Dow has a double head, and the 2nd head isn't as high as the first....
if the dow breaks 8054, I might hop back on. Oh, it jittered down already while I was typing this....hmmm
good news is, that if I miss it, and it DOES rocket through this afternoon, I'll have a good setup for my FAZ overnight routine.
see I wish I had stayed on FAS now. Now it's too late, I could get back on, but unless it really rockets, I'll only make a tiny chunk like this...
FAS and FAZ (inverse) track the Russel 1000 Finanical Services. on google finance it is RIFIN.X, I haven't found it elsewhere. However FAS...
I looked into it briefly, there seems to be a LOT more to it that trading stocks. More things to keep in your head before you pull the trigger....
well I hopped off at 7.57
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