I am still in very heavy with TZA at 25.24. What does everyone suggest ?
I should have listened to my friend dickiebribbles and bail a large amount.
Sick to my stomach. ADVICE please is this market still just going up or will I catch a break.
Avoid all 3 X's. Trading tool for Dummies. If one must, buy the dog before the close on a huge big
day up. Flip the next day if it reverses with profit. Cut loses fast if the move goes against you. If
TZA has a huge move down of 15% or more then I may enter for a fast flip. That's gambling.
The FED will bury you. Recognize that you were wrong and that this is a "bull market." UVXY will kill you even worse. These ETF's are for day traders and those who want to hedge risk short term. Bernanke may be wrong but he is still the boss.
This is all about Option Expiration on Saturday and the repricing of options for future expiration. Goldman has been working new alogos to manipulate option purchases and sales. There manipulation has been documented by Nanex. Your relief will start on Monday if not sooner as smart money will sell at these inflated prices.
Almost time to ditch the TZA, book the loss and roll it all into UVXY.
Chart the TZA:UVXY ratio daily and weekly. Get UVXY as low into the Bollinger Band as possible, of course the other charts and timing have to be taken into consideration.