Comments on: Weighing in on FAS (and FAZ) http://orderofmagnitude.ca/2009/04/23/weighing-in-on-fas-and-faz/ Finding Patterns in the Market Thu, 15 Mar 2012 01:17:31 +0000 hourly 1 http://wordpress.org/?v=3.0 By: sam http://orderofmagnitude.ca/2009/04/23/weighing-in-on-fas-and-faz/comment-page-1/#comment-497 sam Thu, 15 Mar 2012 01:17:31 +0000 http://orderofmagnitude.ca/?p=169#comment-497 I put 20% 401k rollover long it from $60 waiting $200 to get out. I put 20% 401k rollover long it from $60 waiting $200 to get out.

]]> By: TheStockAdict http://orderofmagnitude.ca/2009/04/23/weighing-in-on-fas-and-faz/comment-page-1/#comment-257 TheStockAdict Fri, 24 Apr 2009 05:38:50 +0000 http://orderofmagnitude.ca/?p=169#comment-257 These are day trades/ short term swings that should be played with caution. If the financials are on a run for a few days then FAS is a gold mine, and vice versa with FAZ. People try to treat them like normal stocks/ETFs and that's part of the problem; trying to do chartology on them doesn't mean anything. Check out the math example of how it works: Start $100. if Market up +5%=$105 -> triple stop 15%=$115 great deal. Then if market drops -4.76%=$100->triple -14.28%=$98.57 ouch. I say trade it as long as you understand how it works. any sign of change of direction is a signal to get out and use normal indices for chartology.. Stock Adict These are day trades/ short term swings that should be played with caution. If the financials are on a run for a few days then FAS is a gold mine, and vice versa with FAZ. People try to treat them like normal stocks/ETFs and that’s part of the problem; trying to do chartology on them doesn’t mean anything. Check out the math example of how it works:
Start $100. if Market up +5%=$105 -> triple stop 15%=$115 great deal. Then if market drops -4.76%=$100->triple -14.28%=$98.57 ouch. I say trade it as long as you understand how it works. any sign of change of direction is a signal to get out and use normal indices for chartology..

Stock Adict

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