bwolinsky: Thanks for the reply. What do you think I should in this case? I do not have a pairs strategy for this TZA I've been holding. It is now at $23.XX and my avg is $28.57. Do you think I should sell it now?
I do understand that TZA was designed for a day trading. I have been experiencing with TNA and TZA just few months now and do not invest so much until I totally learn about them. I use different resources this forum to learn more including. I bought it at $28.57 and got stuck with it this time...
If the ETF has been going down last few weeks continuously, is it a good idea to sell and take the lost or wait for it to go up?. This question is for TZA. Thanks!