Replies to post #10 on Direxion DailyTechnology Bull (TYH)

[maybe_this_time]

Well I've certainly been taking a beating on my TYP position. Since today was a little weak with no follow through on yesterdays big day, and we haven't been this overbought in over 2 years, decided to gamble on some QQQQ 54 Puts here.

Regarding the TYP position taken on 10/21, clearly I rode that out to long. If the trade doesn't go your way with a week, probably best to get the hell out. Be careful switching immediately as you don't want to be oscilating on the wrong side of the trade. Today I booked the profits on the options (obsorbed 1/2 of the loss and will hope for a pullback on the TYP position.)