Replies to post #30266 on ETF SWING & DAY TRADING

[Nocona]

salty24:

A 1% loss would be $42.32 since entry price was $41.90.

Price now at $42.16 which is a .6% drawdown.

What I try to remember is out of the last 84 round trips only 17 were at a loss. Pretty good odds.

Nocona

[2X-Be-Me]

salty, I apologize for not getting back to you sooner. I hope you held your short position at the close. In fact, I hope you added to it. Nocona's advice was correct. My charts indicate we turned down into a decline this morning at around 10:45 a.m. EST. I think we're going down hard. It may take a day to materialize, and we could see some price-pumping by Da Boyz the morning of the Fed announcement. I'm holding my short position. Good luck. 2X

[farooq]

Wait till 05/10 you will reap reward.
If you are afraid buy insurance.
Last and not least if it hit your stop loss then take a loss and move on.
Good luck

Farooq