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25 Nov
Posted by Sensei @ 12:02 pm on Tuesday, November 25th, 2008 in Leveraged ETFs, Leveraged Funds, Trades
I’m glad I trimmed my index longs yesterday with force. NDX is already down 5% on the 2x funds.
I sold my QLD and SSO this morning for gains of 7% and 11%.
I was looking to buy TNA in the early part of the morning. I saw TZA trigger on the 5minute chart which is the BEARISH 3x RUT etf. I have a tight stop of 3% on it and won’t hesitate to buy weakness today. I won’t hesitate to flip on this trade and go right into TNA either if the charts turn. As I type I might be stopped out now.
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