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  • Playing the Ponzi
    A particularly bad (as in incompetent) day for TZA: -1.92% on a day where the S&P is -.1%. Oops. So much for leveraged inverse correlation.
    11/16/11
    Reply (9)
    • nasalpancho: true -- I sold my srty and tza this morning while green -- glad i did
      11/16/11
    • nasalpancho: any intense selling hits though and it will fly and fast
      11/16/11
    • campusglass: You not short anymore NP?
      11/16/11
    • inquisitivemind7: you will wish you held onto srty/tza months down the rd nasal. buy and holders w/occa rebalancing will outperform day traders any year IMHO.
      11/16/11
    • nasalpancho: Holding tvix and FAZ -- 50% short 50% cash -- i got out when we were down 130 of srty/tza to lock up some profits /feared the ramp job
      11/16/11
    • Trader14: tza tracking IWM, which is up
      11/16/11
    • Romar: This was my technique today; I am holding 50 shares TZA but when the TNA chart was breaking out; I bot 75 shares TNA. I just sold my TNA.
      11/16/11
    • Romar: I've done this once before and it's helped me hedge my losses considerably. So when the market does break down, I'll have more profit.
      11/16/11
    • Romar: I'm sort of indirectly averaging down and capturing gains when I can but not within the same ETF by playing the bear and bull sides.
      11/16/11