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well I have a limited number of day trades as well which is why I also try to put myself only in the best positions like you, the the difference is only this: I try to find the breakouts you try to find the trends I think both work can very well. EDIT: And I also use the weekly...

anf for now FAS is still climbing, $7.65

Maybe. I plan on holding it down to at least 7.2. That'll only cost me $50. On the other hand, if it continues up, I sit in a very nice position. I guess its my day trader psychology. By it when its really low, it might get lower, but if it goes up you have a higher margin than everyone else...

faz hit almost $10 in the AH market. I am in on FAS at 7.28 in the morning AH market. looking at 7.40 right now at 9:39am.

strange how the dow has three HHs and HLs the FAS shows the same High as LHs and LLs. Financial sector really doesn't want to go up yet.

time to buy faz was at 11am

hehe, well I am glad I got out when I did. Personally, i'd get out of FAZ if I were holding it, its a good exit price even if it continues to climb. Looks like DOw and FAS are testing again.

its ok really, I would prefer if FAS fell a bit before I got in, i'd feel better about riding it a bit longer on the way up. It feels "in the middle" based on the last week or couple weeks. Feels low for today, but middlin for a little longer term.

ya, I just ate $50 getting in then out 20 minutes later.

the dow looks like it wants to go up, but FAS is resisting that urge.

fas just hit the intraday low too, and bounced slightly

I guess my psychology is better suited to day trading. I think swing trading is where some real money is found, but when things look not so great for a day or two, is scared the hell out of me. I'd rather get in on a low and get out on the next high, and repeat.

Strange, I find holding more stressfull unless the trend is clear. BTW, are you still long on FAZ?

Haha, in the time it took me to write that, FAZ gained another 15 cents and looks strong. FAS is looking inviting now. Gotta watch closely. Maybe this will be a before the closing bell position.

Looks to me like you made a nice entry point at 8.40. If I were you (and I am not) I would get out at near 8.75. Grab the pennies you got and run, but I am one for locking in profits rather than riding it out. I of course miss the great and awesome profits that way, but at least I am still in...

ya, I am still in cash right now waiting for a good entry. Although I think the market is likely to drop, I don't think I am going to get much out of FAZ unless it truly dive bombs. Its strange because I feel FAS is the safer bet to buy when its low, but I seem to be better able to predict when...

I find 10 cent stops to be too iffy for these ETFs. They are sol volitile that I feel like I am immediately giving away 10 cents. And yeah I know by the time I get to execute and order and I myself am convinced its the best time, I probably loose 10-15 cents from best price, but if it switches...

Ya, I started a new thread to talk about FAS and FAZ trading. Perhaps we could have a weekly chat on it. I am watching FAS too. Nothing encouraging yet, just stuff to confuse and dazzle.

One time, I sold something for far higher than I should have gotten because the after hours books were empty and my crazy high limit order was processed. The books are a LOT skinnier on the AH market. I actually placed the limit order because of those spikes thinking some smuck spent a few bucks...

Looks like its climbing slowly, so am I missing the boat ride up to $10, or are we at a high already? I wish I knew the answer to that.