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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

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  • cmegladon cmegladon Jun 3, 2010 12:25 PM Flag

    So, what do y'all think about this 1100 number

    Just took 5k off the table at $49.73-90
    15k profit.

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    • 06-03-2010

      I got an intraday sell signal to immediately take all my profits off the table, AND THAT’S WHAT I DID …because my indicators tell me that my advantage is no longer present That doesn’t mean an EDZ holder should sell, unless you are a day trader. Otherwise, it’s pretty much 50/50 and could go either way and that’s why I took my profits off the table, since my advantage is now gone since playing field is back to 50/50....and I do not like coin toss up propositions of 50/50 because anyone could walk in a casino for that.... but the bottom line is that once my intraday signals recognized that my advantage was gone, I immediately locked in my profits because I have to much at stack here where every split second I delay would mean thousands of profit I would have been handing back over to the house.

 
EDZ
26.82-0.54(-1.97%)3:14 PMEDT