Another go: March 19th, 2009

March 19, 2009 – 10:03 am

I am giving SDS another go. I got stopped out in the mid 85s, but we are sitting at a fibonacci retracement, with a bounce off the support line yesterday. I have taken a pretty large position as well.

In regards to FAZ, I entered the position without a stop yesterday. This may have been an idiotic move, but it makes sense. Atleast in my opinion, nothing fundamentally has changed with our nation’s financial institutions, yet financials keep going up? Maybe I am just venting because my idiotic side sold Citi without a trailing stop, thus losing $1800 dollars, but the continuing move in the sector just does not make sense. With this in mind, I am executing the strategy I entered the trade with: increasing my FAZ position.

  1. 2 Responses to “Another go: March 19th, 2009”

  2. i entered today as well large position

    By john on Mar 19, 2009

  3. FAZ that is

    By john on Mar 19, 2009

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