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Yeah, Id like to do ES for the tax bennies too. But for whatever reason, I am simply unable to read price moves in the ES. So I quit trying and moved on. FAS and FAZ, for whatever reason, seem like they're just laid out in front of me like a virgin on her wedding night.

Yup. But depending on how agressive one is, the 3x ETF's can give more bang for the buck. Compare ES vs FAS today. ES was at 825 when the market decided to go up, and topped at 847. 22 pts = $1100/ contract. So let's say you're moderately agressive and trade 1 contract/$3000. FAS was...

LMAO. Ya think this is why this dumbass troll wouldn't answer easy questions? Why do these retards even bother? I mean seriously, the trolls that infest this board nowdays is ridiculous.

You may be right about the downturn. But explain why you held onto a losing position, and then added to it. With the advantages you've got, I would just day trade and NEVER hold overnight.

Scared is good, IMHO. It makes you a conservative trader.

Honestly, I have absolutely no idea what the future brings. I will say that I held FAS overnight for 2 reasons. 1- it closed at its high. 2- I'm up 25%+ on it, so if it gaps down a little, it's of little consequence. This doesn't mean that I think tomorrow will be an up day. I will...

LOLZ. Again, money management skills are important to have. So is being humble and admitting to mistakes quickly. I write this not for Port, cuz who knows if he actually trades or not. There seems to be plenty of those guys here. I write this for anyone that was in the same situation...

I make PLENTY of wrong calls too. But I also don't hold a position on the way down, just cuz I think I'm right. Given his situation, i woulda gotten out real quick this am. And as long as I held my convictions, I woulda re-entered as I laid out. When it became obvious that I was wrong, i...

Perhaps. But in the meantime, your TZA trade is toast. You need to be more nimble, friend, and quit letting your ego get in the way of admiting that your wrong right now. It may come in later, but there's no way to know. There was no reason to take a loss today when TZA was up 2% at...

Well, this strategy all depends on your time frame, I guess. I did like the other poster, and sold FAZ when it started heading lower after the open, and got into FAS. I was up around 30% overall on FAZ. Personally, I think this more closely reflects what these 3x are designed for, namely...

And better yet, do like that hard ass general in the Phillipines did just before WWI, and let it be known that your bullets are dipped in pig's blood, making the Muzzies unclean if they get shot, thus giving these jackasses a straight shot into hell, rather than heaven. That ended the bullshit...

As soon as guru Meredith Whitney came on CNBC to bag on financials, the market took off, LOL....

self loathing

I read the chat log from that day you fucking troll, so I do in fact know of what I speak. The moral high ground will forever escape you for this reason until you follow your own advice and admit to your statements, apologize for them, and then take steps to fix the thought process that led...

If you would take your own advice and admit that making those remarks about Hap's kids was inexcusable, then this statement might have some weight to it. As it is, it's just your own special brand of trolling.

I think he said that if the financials went to zero, then the Dow would equal 5300. He didn't say that the Dow was going to 5300.

Connect with this: http://video.filestube.com/video,d272b550bf2d49fe03e9.html

That makes good sense. Maybe about all you can use would be intraday technicals then, since they are rebalanced every day to the underlying?

So then what's your view on support/resistance for Dow, S&P, Nasdaq, etc? Personally, I don't see much of a difference, since they're all just baskets...

I used it and got rid of 300-odd errors. I was also just had a run-in with a Win32Rootkit.TDSS virus that nothing but Ad-Aware could find - but couldn't delete - just kept coming back after a restart. Combofix took care of that.