I only stay on the bull side - when the market got whacked big time, I hopped on 3X bull etf's on sale - not playing individual stocks - then get out on the rebound to capture big profits. I don't want switch side to the 3X bear etf's when market goes south because I simply hate to play on the bear side - never short a stock in my entire trading life, let alone the most hated 3X bear etf's!
Don't let this "negative" red market discourage you - you have to be "brave" to scoop up stocks on sale while the public is in panic mode selling stocks at the bottom - "be greedy when everybody is fearful and be fearful when everybody is greedy" (Warren Buffett).
Hang on to your upro don't switch side to spxs because I am now whispering to your ear this:
=== "If my hunch is right, then look for significant new stimulus programs to be announced in coming weeks. For example, the Federal Reserve might not only reverse its interest-rate decision from last December but announce a new program of quantitative easing.
It was just such stimulus that stopped the 2011 bear market in its tracks. That major decline began on April 29 of that year, and by mid-September the S&P 500 was already down some 17%. On Sept. 21, the Fed announced its so-called Operation Twist program, in which it would lengthen the average maturity of its Treasury portfolio away from shorter-term securities to longer-term bonds. The 2011 bear market ended just eight trading sessions later, on Oct. 4.
I wouldn’t be surprised to see something similar in the coming weeks".
... and by then my 7 bull 3X etf's will shine in green firework sky. Tomorrow I am going to scoop up tna (3X bull small cap Russell 2000 etf) on sale - Dow future down -100 points now and tomorrow tna will hit the rock bottom price $37/share!
Better days are ahead in the coming weeks ... I still think we will have a big February '16 rally! Stay strong with your upro holding.
no matter how bad or how good market is i always play/invest on the bull side by buying the low and selling the rebound
i have never played options or short stocks during my 20 years of investing/trading
i currently hold the following 3X bull etf's: tqqq (nasdaq 100), upro (s&p 500), soxl (semiconductor), fas (financial), erx (energy/oil), yinn (china) and bib (2X bull biotech).
Thinking about adding tna (small cap) tomorrow into portfolios since the russell 2000 got beaten so badly since last october 2015
=== Tesla's shares soared more than 10 percent in after-hours trading on the company's positive outlook for this year. Tesla said it expects to deliver 80,000 to 90,000 new Model S and Model X vehicles in 2016, noting it expects non-GAAP profitability for the year. Wall Street had expected about 79,000 deliveries for the full year, according to Street Account.
gotta capture the "clue" from Elon Musk - why would he sell all of his options last week and plow his cash into common shares? He is the insider - he knows the ER is not that bad - stock will rally after ER - Elon's new stake in common shares is up big time ...
kapowing +11% gain AH now from 141+ today to 160 after ER = green $$$
if you buy 3X etf's with cash you should worry nothing
if it is on margin that would be very bad - not recommended
if you bought the 3X etf's since march 9, 2009
you are still doing very very well regardless of all the "noises"
for long term, the market trend is UP not down
there is no recession in sight - market is jitering about rates
ignore all the "noises" and concentrate on what is best for your investment
i can tell you are one smart investor: the stocks you buy, the way you communicate on yahoo MB, etc. - my gut is telling me you are no dummy! Lots of nonsense big mouth dummies on MB - the smart one(s) is/are very hard to find!
no matter when (now or one month or two months) i think the oil sector will rally hard in 2016
look at the gold - everybody hates it for 2014 & 2015
and gold surges +45% YTD (just one month and 10 days in 2016)
=== bottom line: nothing goes up forever and nothing goes down forever = it is just the laws of physics!
energy stocks make up a bulk of the s&p 500 index
without the energy/oil participation market won't go up
the rally in oil will definitely help lift the market as a whole
your observation is right on ... early this morning market seemed so strong
but that steam was fizzling out pretty fast - market wants to go up but a "strong
weight" pulls it down every time it bounces - you're right no conviction as yet ...
you just have to be "tough" and hang on = market is due for a strong feb '16 rally
get ready to put your cash to work at 4:02 p.m. this afternoon on tesly - 2 more hours to goooooo
yellen comes to the rescue today
the 3X world kaboom in green firework
gotta love the 3X world on sale 2 days ago (bottom perhaps?)