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Direxion Daily Financial Bear 3x Shares FAZ

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the funds net assets (plus borrowing for investment purposes). The index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It is non-diversified.


ARCA:FAZ - Post by User

Comment by Stocksnchartson Jan 07, 2012 5:21pm
287 Views
Post# 19379144

RE: RE: RE: timing

RE: RE: RE: timing

I would never poke fun at someone unless they deserved it.

I think it is hilarious that you show up to poke fun at my timing when you were buying HVU at $21 before I was even looking for a top.  You have averaged down on that loser all the way down to $15.  I do draw lines and if the mkt tells me they need to be adjusted then I will gladly do that in a heartbeat.  You on the other hand have continued to buy HVU, the falling knife, while at the same time preaching to us about "timing". 

Lol!!!

That strategy is for amateurs, and while every trader makes that mistake you should know better.  When you saw your timing was too early, bottom line, you should have cut the loss and repositioned at a better spot.  Now you face a drawdown to $12.50 area next few days for HVU.  Not a good plan, and certainly not timed well.

If you have the skills of a pro, you should swallow your pride, take your loss on Monday, and reposition around $12.50 for HVU.  Knowing you and your ego, you will likely just hold your loser and get deeper into the hole.

You seem to take pleasure picking on others.  Drink your own medicine.  It'll help you to be a better person. 

Lighten up, you'll live longer!!!

SC       

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