Tuesday, April 21, 2009

Out of FAZ in trading account

I sold rather nervously near the open at average price, $12.70. I late got stopped out at 11.50 of the remaining 300.

I will buy back in the 10s.

6 comments:

  1. Wrote two FAYEC (May 15 call) in my IRA.

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  2. I fully expected a retrace to the old level of resistance/support at 840. I want to see what happens at that KEY level. If we break it I will be dumping EVERYTHING.

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  3. 845 now.....

    I just set my FAZ and SRS to "Auto-sell" when/if the S&P hits 847.

    This is so I can stop "Tick watching" today and not move my mental pain threshold higher..

    Im kind of wishing I would have bailed in the first 10 seconds of the day. FAZ is already to 10 bucks now.

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  4. I pulled my bid when it got there. This is the RVAspeculator of old talking here (not a good trader), I do not recommend anyone follow this call. I felt like I may be selling the top.

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  5. Very helpful and thoughtful analysis. Posted at 3:59 no less… :)

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