FAS/FAZ for New Week 4/27

Quote from scot.mcpherson:

If I were able to day trade, it would be a different story, I'd have been in both FAS and FAZ a few times already,
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I have enough to do that, but I just don't have the personality to be in and out all day long.

Hell, I'm only putting in around $15k right now as my max bet, and that's enough. That's part of the problem I had with trying to do ES. I'm really a piker, and an ES contract is really worth about $45k, and every little swing had my nerves on edge. So I switched to ETF's - starting with UYG/SKF - and lowered my bets to $10k, then $12k, now $15k, and some day it'll go up to ..... who knows.

So instead of doing the in/out/reverse thing, I do like I've been explaining - wait for a trend, then get in, and hold for most of the day, or even overnight if it's up real nice.

Less stress/cigarette smoking that way, LOLZ...
 
The trend is clear to me, but it hasn't been confirmed yet by a push through 8.90.

Still holding/waiting for it. Stop is at 8.60 now. It doesn't show as a logical level on the mid term, but it does on the short term.

ETA: plus, check TRIN/VIX. Both are trending up, which is bullish for FAZ/bearish for the market.

ETA #2: Port may get back to breakeven today if this keeps up, LOLZ
 

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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.
 
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