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Jumping in FAZ 16.26


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#1 etftrader

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Posted 05 March 2010 - 10:48 AM

Have to take a shot here

#2 Architect

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Posted 05 March 2010 - 10:58 AM

Have to take a shot here


i am in too... along with shorts in IWM and RY (Canadian Bank). i am starting to become anxious however...
i wish i had more steady nerves like some of you pros...

#3 diogenes227

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Posted 05 March 2010 - 11:18 AM

Have to take a shot here

Wny?

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#4 MikeyG

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Posted 05 March 2010 - 11:24 AM

Have to take a shot here


I'm married to FAZ @ 17.85 and she is all I think about, we are about to have a messy breakup...

Christus vincit! Christus regnat! Christus imperat!

 

#5 diogenes227

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Posted 05 March 2010 - 11:28 AM

Have to take a shot here


I'm married to FAZ @ 17.85 and she is all I think about, we are about to have a messy breakup...


Where's your stop? And why'd you take the trade in the first place?

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#6 MikeyG

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Posted 05 March 2010 - 11:48 AM

Have to take a shot here


I'm married to FAZ @ 17.85 and she is all I think about, we are about to have a messy breakup...


Where's your stop? And why'd you take the trade in the first place?


Mental stop is if NDX makes a new high...

Christus vincit! Christus regnat! Christus imperat!

 

#7 etftrader

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Posted 05 March 2010 - 12:11 PM

Have to take a shot here


I'm married to FAZ @ 17.85 and she is all I think about, we are about to have a messy breakup...


Where's your stop? And why'd you take the trade in the first place?

15.68 stop... look at the hourly rsi