“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.
Thanks Sundancer. I am well aware of the pitfalls of leveraged ETFs and wish I had never held on but at this point, if I get out of my position, I will never recover even a slight amount of what i have lost. Signs to me point to a sell off although it should have happened by now (according to the indicators I follow) and that makes me nervous. I would hate to sell my positions now only to see the market sell off next week. But, I have been saying that for ages and that is what got me into this mess in the first place. I guess right now I have to go by the indicators and they are still saying down. As soon as that changes, I will sell my positions.
I am not expecting the top SPY 120 to be reached in April. More like in early Summer to early Fall, sometime between then. Distance forecast is like long range weather forecast. 😀
I understand your confusion, the operators do a good job
I allocate capital to setups, that capital is not leveraged, therefore I take the time element out of the market
the $SPX is going to print 1078, 965, 7**.**
the operators told us this morning the $DJI is going to print 11,816
For traders in general: staying away from leveraged instruments (options, futures, 2x-3x etf's) allows one to be extremely nimble, it's all about staying power in this game and that only happens when you leave leverage out of the equation. without leverage you're not going to turn 100k into 100 million but you also won't bankrupt your account if your time frame on your trade is wrong.
“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.
You mean a fake up move on Thursday sometime, or next Monday?
trade your plan and that's all you can do
the $VIX setup says a downward thrust is near
many new bears piled on this morning thinking their going to get a free ride with the “bad” payroll come friday, I prefer a fake upward move first
I hope you are right – I would really like to get myself out of this mess so I can go on with my life. Time will tell.
Thanks Sundancer. I am well aware of the pitfalls of leveraged ETFs and wish I had never held on but at this point, if I get out of my position, I will never recover even a slight amount of what i have lost. Signs to me point to a sell off although it should have happened by now (according to the indicators I follow) and that makes me nervous. I would hate to sell my positions now only to see the market sell off next week. But, I have been saying that for ages and that is what got me into this mess in the first place. I guess right now I have to go by the indicators and they are still saying down. As soon as that changes, I will sell my positions.
I am not expecting the top SPY 120 to be reached in April. More like in early Summer to early Fall, sometime between then. Distance forecast is like long range weather forecast. 😀
I understand your confusion, the operators do a good job
I allocate capital to setups, that capital is not leveraged, therefore I take the time element out of the market
the $SPX is going to print 1078, 965, 7**.**
the operators told us this morning the $DJI is going to print 11,816
For traders in general:
staying away from leveraged instruments (options, futures, 2x-3x etf's) allows one to be extremely nimble, it's all about staying power in this game and that only happens when you leave leverage out of the equation. without leverage you're not going to turn 100k into 100 million but you also won't bankrupt your account if your time frame on your trade is wrong.
Seems like that will be a tall order within a one month time frame but I guess anything is possible.
!!! Thanks Earl of! Anyway, I think we are all a little stressed out, especially me!