I think the collaboration and the collective work here should keep all of us out of the wrong side of the market. I do think we have superior collective data input here.
Yes… I guess when you throw spit balls at the chartboard that the teacher (aka the crooks that control the market), you should expect a paddling when you get caught. I've had a few too many lately…
Perhaps the history that you mention is a source of the concern. I really only care about today and tomorrow. I'm willing to look 6 months into the past, but things do change, and I need to focus on how well it works now.
I'm just trying to decide whether I want to go short tomorrow, or wait until Monday? I feel like… that if I go short tomorrow, Monday will rally one last time. Or, if I wait until Monday, the market will sell off over the weekend on some news of something, and open down big… missing out on part of the down move. Sucks either way…
“Did you actually look at statistics for TNA, TZA and $RUT over the past 6 months and discover some meaningful time decay? I don't see it. If I can't see it, then how can it possibly matter?”
Not to start a pissing match but it is worth pointing out that, it would have mattered had you bought bot TNA and TZA from Nov 08 to July 09. RUT basically unchanged during that holding period, but both the TNA and TZA were down big.
I meant chalkboard of course… but maybe chartboard was more accurate? LOL
I think the collaboration and the collective work here should keep all of us out of the wrong side of the market. I do think we have superior collective data input here.
Yes… I guess when you throw spit balls at the chartboard that the teacher (aka the crooks that control the market), you should expect a paddling when you get caught. I've had a few too many lately…
It all sucks. Unfortunately we must be willing to lose when we trade.
SC,
Perhaps the history that you mention is a source of the concern. I really only care about today and tomorrow. I'm willing to look 6 months into the past, but things do change, and I need to focus on how well it works now.
I'm just trying to decide whether I want to go short tomorrow, or wait until Monday? I feel like… that if I go short tomorrow, Monday will rally one last time. Or, if I wait until Monday, the market will sell off over the weekend on some news of something, and open down big… missing out on part of the down move. Sucks either way…
this week, things are getting ripe
we've essentially gone sideways since the 3.17 high
Looks like the upward action today may scare a few of those bears out.
“Did you actually look at statistics for TNA, TZA and $RUT over the past 6 months and discover some meaningful time decay? I don't see it. If I can't see it, then how can it possibly matter?”
Not to start a pissing match but it is worth pointing out that,
it would have mattered had you bought bot TNA and TZA from Nov 08 to July 09. RUT basically unchanged during that holding period, but both the TNA and TZA were down big.
I hear ya. Thank you.