Sold All Inverse ETFs On Market Gap Down

Home / Financials / Sold All Inverse ETFs On Market Gap Down
September 16, 2008

Wild morning so far. I sold all my inverse etfs on the market gap down. A very sweet trade for 2 days worth of holding. I also trimmed back my index funds at this mornings window significantly. I am now lightly short…very lite.

TWM in @ 70.88 out @ 77.11 = 8.7%
SKF in @ 119.86 out @ 142.53 = 18.9%
SDS in @ 71.18 out @ 76.75 = 7.8%
MZZ in @ 60.25 out @ 65.47 = 8.6%
MZZ in @ out 61.08 @ 65.72 = 7.5%

I thought I had QID, but I didn’t I had two batches of MZZ.

If the market rallies today I want to get short.


Tags list


Related Posts

I Swapped To The Short Side
Trades
This is a slight chance I’m taking here going short. The trend is still up, but the reasons I see are one major crackage in breadth –...
Triple Leveraged Treasury ETFs
Leveraged ETFs
Are you interested in trading treasury movements? Treasuries are what would be considered a 1x beta trade. It is very safe and the price movement is...
100% Short, 30% Nervous About It
Leveraged ETFs, Leveraged Funds
If you watch the market closely you know the market is at a critical point. I’m trying to focus beyond the short term here though. If I step...
Back To Cash, Gold, Inverse Emerging Markets
Brazil Stocks, China Stocks, Commodity Stocks, Leveraged ETFs, Leveraged Funds, Options, Technical Analysis, Trades
Took gains in everything this morning. 2x funds SPX, NDX, and RUT at the morning price. Although waiting until the end of the day would have yielded...