Faz $8.65 Srs $26.60

Quote from scot.mcpherson:

a lot of banks require 100% margin maintenance on the 3x etfs. My bank does, so my leverage is 1:1, but with 3x leverage its like 3:1 on a normal stock.
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Find a new broker.

There should be no difference between these and any other stock, cuz you're not REALLY leveraged.

Direxion leverages OUR money to give US 3x the normal volatility.
 
Dunno about FAZ.

Vix was around unchanged, it's now going down.

Same with TRIN.

So I grabbed FAS around 8.20.

Tiiiiiight stop. Will keep my eye on both of those and will bail out if it reverses near the end.
 
Quote from Haroki:

Dunno about FAZ.

Vix was around unchanged, it's now going down.

Same with TRIN.

So I grabbed FAS around 8.20.

Tiiiiiight stop. Will keep my eye on both of those and will bail out if it reverses near the end.
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There should be a reversal soon. It's near overbought
 
I placed a market order for FAZ at blip of 7.97, executed at 8.01.

I am FAZ long for the weekend., this is the 2nd highest high in the dow we've seen since march 6th. At least it's looking that way at the moment. So I think monday will look good for low priced FAZ holders.
 
Quote from scot.mcpherson:

I placed a market order for FAZ at blip of 7.97, executed at 8.01.

I am FAZ long for the weekend., this is the 2nd highest high in the dow we've seen since march 6th. At least it's looking that way at the moment. So I think monday will look good for low priced FAZ holders.
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I second that notion. I just don't think I have the stomach for that thing over the weekend.
 
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