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|From: ivanabbas (Rep: 21)||Original Date: 2016-03-13 13:00:28|
|Preview: Re: Long SDS at $19.70 (20% of account)||Revised Reason: typo by ivanabbas (Rep: 21)|
|Re: Long SDS at $19.70 (20% of account)|
Like to see porn is on bear side as I started accumulating TVIX from 1940-1950. However, I will wait for second retest fail to average down my swing short core position. Since the rally from mid-Feb is strong, the very first dip will get bought on daily time frame. I will feel pressure to carry large bear x3 positions.
I will initiate another bear ETF position soon to trade this topping process after sp500 gets to 2030-2040 area. But I see this rally may gets to spy 210. Always hard to catch the top.
For newcomers, these x2 or x3 products will decay versus time and very risky. Please have that in mind before initiating any trades. I learned it in hard way in late 2011 and early 2012. Lost 5-figure trading TVIX and missing the entire rally.