Direxion Daily China Bear 3X (YANG)

[okyoureabeast]

:P

I'm in a bit of red right now too. Next week will be the tell all of whether this is sustained or not.

How are those calls holding out?

[geotrade]

i agree, not convinced by this "rally". more downside to come

ugh, wanted 1 more down day though.
finger was on the trigger at 3:45 yesterday.

sorry i didnt sell yesterday guys, then yang would be up 10000% today

[okyoureabeast]

I think today and tomorrow we'll see some pretty sideways performance on this. Maybe slight pull backs as the PBOC tries to save the stock market by throwing whatever spare cash they have at the bubble.

They can't hold this forever. Not to mention freezing stocks to avoid downturns is so so stupid.

[CBeeson]

Lol u called it

[geotrade]

haha....hogs get slaughtered.

they propped her up for a day at least

[geotrade]

shanghai down ~4%

[okyoureabeast]

The next couple of days will be very interesting. I bought in at 96. Super bummed i missed out when it was at 60.

Check out FXP too. Similar to YANG.

I'm curious how the Chinese gov't is going to handle this.

[ospreyeye]

way to trade bud! - the situation is not good in China - they are making up new rules as they go a long - $YANG closed above the 200 day moving average - the bottom line is China still has 6-7% growth forecasted - the China markets should rebound hard when the timing is right - keep making that paper -

[geotrade]

still holding my calls. options on a triple levereged etf during a market crash are nuts.

sooo much margin in the chinese market. 50% of stocks halted. the government said yesterday that people can now use their HOMES as margin collateral. feels like 1929

if chinese markets dont show signs of stability tonight this could hit 120 easy.

gonna try to ride this correction down and back up when the time is right

[ospreyeye]

$YANG Chart – 3 Big Gap Ups & going for a close above the 200 DMA @ 104.39 – Key level to close above & turn into support – $YANG is filling a big Jar back to March resistance levels –

[geotrade]

in the $ sitting on a 6 bagger, hogs get sluaghtered but i may have to hold this overnight

[geotrade]

sitting on some calls, dont think the china slide is done yet.

[papi01]

Nice little ride going on here. Holding for triple digits.

[wallst-winest]

I bought it before she split at the bottom around $5 then it did a 10-1 and china fell 10% from its all time high and i made 30%. I sold this friday looking for china to bounce back before its drop of 20-40%. Time to back up the truck because $200 is possible.

[OTCRIDER]

ON WATCH

[CBeeson]

Nice range on moves here lately

[GoodReward]

How high do we get with YANG... any thoughts?

[fitzwell11]

$5.83 : (

[MJ moneymaker]

I need to stop lookin at this it just makes me mad

[MJ moneymaker]

I sold my 4.92 for 5.25

[fitzwell11]

Lol I feel your pain. I had a bunch of $4.96s I sold for $5.15 ??

[MJ moneymaker]

I ALMOST bought those 5.05's Monday. But nooooooo I had to be patient and wait for best possible entry lol.

[fitzwell11]

Seriously I've had 5 flips on this and best I got was +.35. Now it just randomly gaps big.

[CBeeson]

Lol crap of corse when i start to get interested
Guess ill wait for another day

[MJ moneymaker]

Why can't it gap like that when I am holding it

[MJ moneymaker]

Me too hopefully it opens around 4.90 then buy and repeat my flip last time sell 5.25ish

[CBeeson]

Im gonna wait til tomorrow to decide

[MJ moneymaker]

Ideally between 4.90 and 5.

[CBeeson]

Where u looking at? $5 even or 4.90 area

[MJ moneymaker]

Gonna be time to buy again soon! This is a good flipping ETN

[MJ moneymaker]

Another decent day here. Still holding my 4.91's.

[CBeeson]

Yang nice day
Good call guys.

[MJ moneymaker]

YANG Chung looking good pre market 5.07x5.08

[CBeeson]

Lol

[MJ moneymaker]

Everybody YANG Chung tonight

[CBeeson]

So it was you with all this money to throw into yang. Pushing ur weight around. Lol
My jnug going now. It was in that pattern for a while then broke today so i jumped ship.

[MJ moneymaker]

Got back in here today. Sold my position from 5.01 for small profit in 5.16 area last week and have been watching.

[fitzwell11]

Haha I wish. Only playing with about 2,000 shares right now. Will grab more after this finds a more definitive bottom

[CBeeson]

Was that you buying shitton at $4.90

[fitzwell11]

$4.90s look like a good entry. Can't go up forever.

[THREE-DAY-TRADER]

Fortunate to have re-tested 5.00 area and bounced from there.
Good call & good bet so far for you))

[MJ moneymaker]

Yep that's how 3x ETN's behave sometimes. Gotta either keep a close watch or a tight stop on them.

Looks like this is up a little pre market today. Hopefully that support at 5 continues to hold and we get a decent bounce to 6 or 7.

[THREE-DAY-TRADER]

so you're in YANG, huh?
It is amazing how this thing just drops and drops to new lows.
Oversold to say the least & quite the extreme example of a 'falling knife'.

[MJ moneymaker]

Moved to 5.02 for a fill.

[MJ moneymaker]

I have a bid at 5.01

[MrZombo]

In at 5.05; I'll expect to see a little more downside before I'm green. Easy play.

[CBeeson]

Tempted here, but still on sidelines

[MJ moneymaker]

Watching this thing maybe there's a play here soon.

[stocktrademan]

bearish

[THREE-DAY-TRADER]

Oh, good for you on the YANG 'flip'.
And this YANG was just created for a board. I had submitted it Sunday for creation.
Not much poster activity on YINN/YANG