TZA might go to $15 from $10.85 in no time.

[S2007S]

So you made 0.22 minus commissions holding a losing trade for 7 months. You've posted about this holding many times, it is basically your signature trade on your projection of a correction. This is kind of absurd to think this is good trading. It's not like you are avoiding big losers, your UWTI is almost certainly an unavoidable loss already.

I don't see how this trading can possibly justify the amount of time you put into it unless you develop the balls to hold your winners longer ( and cut your losers quicker ), and better educate yourself about economics and other longer term market related factors.

I actually had the trade since Feb and commissions on that account are $12 round trip, it was actually .42 not .22....

Anyway I sold it at a profit like I said I would have, never averaged in but oh well, I will be buying it back once the nasdaq gets back to 5000+ again, Ill let you know when Im back in for more profits aside from that, yea my UWTI is down, Im going to average down soon, waiting for the break below $40 which just happened moment ago, figure Ill wait till mid 30's and a price on UWTI around .50 to load up, I keep hearing these guys on cnbc saying oil is going back to $60+ $70+ some even think higher, I don't think that but hey if it gets back to $50 and I average back in enough shares Ill sell it at a profit. Aside from that no worries, as you can see the market is in free fall....Im wondering when the bottom is coming hahaha.

 

[hajimow]

So you made 0.22 minus commissions holding a losing trade for 7 months. You've posted about this holding many times, it is basically your signature trade on your projection of a correction. This is kind of absurd to think this is good trading. It's not like you are avoiding big losers, your UWTI is almost certainly an unavoidable loss already.

I don't see how this trading can possibly justify the amount of time you put into it unless you develop the balls to hold your winners longer ( and cut your losers quicker ), and better educate yourself about economics and other longer term market related factors.

maybe he was keeping it as a hedge and profit was not that important. By the way most probably that was not his only position. I believe I have more patience that him if you are questioning S2007S's patience