For me, I literally ignore the volatility on FAZ and just keep faith that TPTB will screw this economy up! Seriously though, I made a conscience decision take off stops and almost take a buy and hold strategy…for now. If I see a good opportunity, I will sell, but then I’m back in shortly. If gold goes below $1000, that strategy will change… I have some FAZ positions that were down 50% at one point and now are even or slightly up (mostly in IRA’s where my time line is longer). With my play money in my brokerage account, have other FAZ positions that were fairly well timed that are up 75%.
I imagine each person is different, but at the end of the day I can ignore the volatility because I truly believe where this is headed. If it happens, you can conservatively add a zero to your $75 case for FAZ…and maybe even add a one to the front also. I’m not good with options, so I for now, I’ll keep the ant-acids around and be patient even with a 100+ pt SPX swing. That way I’m pointed in the right direction when this thing does tank!
From the looks of the short term charts, we’ll probably go back down to get a closer print on that 113.38 spy FP… that would be my guess for today. Then up tomorrow for a 5th wave to 116.05 spy?
Why? Its a great name Iagree. Makes me think of the most amazing native indian of all time, and he got NO publicity to speak of. Maskepetoon. The Jesus of native indians, who originally was a blood thirsty killer of hundreds. Google him. Amazing story.
Yes… sorry about that.
113.38 or do you mean 111.58 ?
Simon,
For me, I literally ignore the volatility on FAZ and just keep faith that TPTB will screw this economy up! Seriously though, I made a conscience decision take off stops and almost take a buy and hold strategy…for now. If I see a good opportunity, I will sell, but then I’m back in shortly. If gold goes below $1000, that strategy will change… I have some FAZ positions that were down 50% at one point and now are even or slightly up (mostly in IRA’s where my time line is longer). With my play money in my brokerage account, have other FAZ positions that were fairly well timed that are up 75%.
I imagine each person is different, but at the end of the day I can ignore the volatility because I truly believe where this is headed. If it happens, you can conservatively add a zero to your $75 case for FAZ…and maybe even add a one to the front also. I’m not good with options, so I for now, I’ll keep the ant-acids around and be patient even with a 100+ pt SPX swing. That way I’m pointed in the right direction when this thing does tank!
From the looks of the short term charts, we’ll probably go back down to get a closer print on that 113.38 spy FP… that would be my guess for today. Then up tomorrow for a 5th wave to 116.05 spy?
A Warrior of peace. LOL
No guts , no glory LOL
I shorted my self
I went in for small. No guts.
Why? Its a great name Iagree. Makes me think of the most amazing native indian of all time, and he got NO publicity to speak of. Maskepetoon. The Jesus of native indians, who originally was a blood thirsty killer of hundreds. Google him. Amazing story.
Goldy became a warrior.. LOL
Arthur was a bit bearish. So I am scaling in short now.