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I try NOT to call the tops and bottoms, but that's what I usually end up doing, and I tend to do it wrong. I get lucky sometimes and I make back all the money I previously lost, but I haven't made any real headway. I try to swing trade by seeing a trend, but I tend to end up at the top of a...

if fas keeps going unfettered, it'll be near 10 pts before close. Unlikely I know, but that's there the lines are pointing.

pfft don't be jealous, I lost a lot of money earlier this week. I lost somewhere in the realm of 30%-35% across 4 trades because of bad decisions.

I hopped out of faz this morning and hopped back on FAS. Sorry another busy day, I just got out of a meeting.

Well I got out of FAS earlier in the day. Today has been crazy for me at work so not much time to talk today. Sorry. I am in faz right now, and will watch closely.

They won't "die" they'll find their baseline, which will continuously change. The baselines for all three dropped to march 6th, then FAS and XLF baselines began to rise with the bull market. While FAZ continued to fall. The long ETFS are at approximately the same worth they were when the...

Most of this is what I said, but you said it more intelligently than I. I will repeat my recommendation and get out on the highest high you can get, and then reset your trading. The concept I think is called "Time to Money" or something similar to that.

Yeah I am doing the same thing with moving from IT to trading slowly.

I myself am holding FAS at 9.90, so I am in the same boat as well. I actually had it the day before at 10.40 and watched it drop to 10.20 before I bailed, then hopped back on at 9.90 yesterday when it looked like it was turning around and watched it drop some more. It came back to profit for me...

hehe, Don't ask anyone what they feel about something...I find other people's opinions tend to make me do things I normally wouldn't do, but I am impressionable. I just like to talk about things, I don't ask for advice here, I just like to learn over time from the kind folks here. Just read...

I'd have sold FAZ a lot earlier, but as I said I tend to pull the trigger too soon. I am in FAS right now, got in too early as always, but didn't get out when I was screaming mad that I need to get out. I am now in the profit zone...just cause I held on for a few more hours. Thing is, once...

The market does "seem" to always tell you that you're wrong, however you have to give it time. Every single time I have entered a trade, the market starts moving the other direction, but it always seems to come back for me if I am willing to wait it out. Now don't get me wrong, if you...

Keep in mind I am also new at trading, having had just over a month and lucky enough to still be in the black. I have had some lucky trades and some unlucky trades to offset what could have been great profits. Most of the time I loose money it was because I was stupid and entered a trade without...

So where do you think FAS is going to go now that it is "down here" below 10pts ?

it also seems if you held on overnight, you'd have made even more money.

Honestly I am not sure why people are expecting great things from FAZ. FAZ had a major upward move today which is rare, but you are disappointed. If you hopped onto FAZ today, or better yet friday afternoon, you should be very happy with the performance today, it was a very good day for FAZ.

Well I hopped on at 10.64 there within the last 5 minutes of the day. It probably won't open strong, but the morning whiptail will make it hard to get a good price I suspect, so I think I have a good price. As always we'll see :)

Any predictions for the last hour?

It looks like FAS is slowly trending upward. Is it trustworthy?

Still going down.