Great Wall Builders (fka GWBU)

[dude iligence]

A lot of you here thought with a degree of certainty that GWBU would run hard again today with targets of $2 or more by end of day. After all it's only the second day of the APS promotion. Well it didn't.

When the trade your in isn't going the way you planned let that serve as an early warning and EXIT live to trade another day. This applies to anything you trade emphasis on trade.

I trade triple leveraged ETF's and they are basically POS dilution machines that pump out shares until the next rs. Not to different than penny stocks. If you could short them it would be the easiest trade in the world cause over time they all bleed. If you stay in one of them in a sideways market or when a reversal no matter how slight they will bleed very quickly. I bought BOIL and UGAZ a few times waiting for the bottom on NG only to have it go lower. The trade wasn't going the way I planned so I got out, then got in again and again lower until the bottom came. UGAZ is now up over 100% since third week in April. If I had stayed in UGAZ the first time I bought it I would be flat about now.
How will it feel if GWBU pulls back all the way to the bottom just like SNPK (.28)did the second week of its promo. That would be a long way from $1.5. If it pulls back to 100% gain it will be at .80 still a long way from $1.5.

http://stockcharts.com/h-sc/ui?s=UGAZ&p=D&yr=0&mn=2&dy=13&id=p50356173651

http://www.finviz.com/futures_charts.ashx?t=NG&p=d1