FAS / FAZ / Daily Discussions / Archives / 11-04-2011 / Thursday, May 5, 2011

Topie: Thursday, May 5, 2011
May 5th, 2011 07:16 AM
membar Yesterday was disappointing, but today's another day. Man, do I wish I had held on to that put. I'd be up 150% or something like that. It's frustrating - one step forward two steps back all the time.
May 5th, 2011 08:59 AM
ISA_Coder since silver has been on the decline for a few days now, i decided to get some ZSL for an overnight hold, actually bought a small batch yesterday at 18.81, up just about 10% on this trade, part of me tells me it's clear time to get out and the other part tells me silver is not done declining yet.

once the reversal comes and silver starts going up again, i'd love to jump into AGQ and ride it all the way back up again.

no more FAS/FAZ or TNA/TZA for me as long as AGQ/ZSL are giving me these huge gains, reminds me of the old FAS/FAZ back in 2009 when i first starting trading
May 5th, 2011 11:11 AM
BullDog Picked up some GE today. Waiting for oil to come in some more and then will start picking up a integrated such as COP. Will pick up more FAS as it comes in further.
Simple technique:
Buy on the way down.
Sell on the way up.
Easy does it, no more huge losses for me.
May 5th, 2011 02:27 PM
allen314159 Ugg. I have too much allegiance to FAS/FAZ. Maybe time to move to AGQ/ZSL. I feel like right when I move, then they'll turn into FAS/FAZ.

Maybe I should stay out for you guys.
May 5th, 2011 03:19 PM
allen314159 Wow this is amazing - AGQ is already -50% from its 52 weak peak.
May 5th, 2011 03:33 PM
membar Sell in May...
May 5th, 2011 03:34 PM
membar
Quote:
ISA_Coder wrote:
no more FAS/FAZ or TNA/TZA for me as long as AGQ/ZSL are giving me these huge gains, reminds me of the old FAS/FAZ back in 2009 when i first starting trading

+1

I'm contemplating dumping FAS / FAZ altogether.
May 5th, 2011 03:57 PM
allen314159
Quote:
membar wrote:

+1

I'm contemplating dumping FAS / FAZ altogether.


Maybe the key is to just continually find the ETF pair which offers the largest amount of volatility (ATR5) and TSK the hell out of it over the next 20 years?
May 5th, 2011 04:47 PM
blakel Has anyone here been trading oil?

I've been playing with UCO out-of-the-money options the last two months.

At the March expiration I just missed making some good money and they expired worthless.

Earlier this week I bought a PUT at 56 and a PUT at 50 for $130 total. Still holding it and at the end of today they were worth $1,360 :)
May 5th, 2011 05:03 PM
membar
Quote:
allen314159 wrote:
Maybe the key is to just continually find the ETF pair which offers the largest amount of volatility (ATR5) and TSK the hell out of it over the next 20 years?

I think that ETF pair varies from time to time.
May 5th, 2011 07:21 PM
membar
Quote:
allen314159 wrote:
Maybe the key is to just continually find the ETF pair which offers the largest amount of volatility (ATR5) and TSK the hell out of it over the next 20 years?

Oh, now I get it. You mean play TSK for 20 years, but vary the ETF pair, right?
May 5th, 2011 07:52 PM
membar
Quote:
membar wrote:
Yesterday was disappointing, but today's another day. Man, do I wish I had held on to that put. I'd be up 150% or something like that. It's frustrating - one step forward two steps back all the time.

Today was a net step forward.
May 6th, 2011 08:47 AM
ISA_Coder
Quote:
allen314159 wrote:


Maybe the key is to just continually find the ETF pair which offers the largest amount of volatility (ATR5) and TSK the hell out of it over the next 20 years?


i was thinking the EXACT same thing