ETF
I shorted SDS at these levels and so can you!
Nov 19th
I am expecting a snapback rally sometime this week, I believe that as we are at-near closing lows, this may be the best chance you could ever get to go long the market.
I would like to caution that this is a very long term play (years) and also a very short term play (days).
The only ways to be able to get guarenteed returns in this market is to buy United states guarenteed goverment guarenteed securities).
More to come at closing bell, im just informing you all that this may be the time.
EDIT: I am cheering this stock up today, even though i am short, as when we get a 10% rally tommrow, the stock will go down to the 90s
Chart of the day, pick of the day, UltraShort S&P500 ProShares (SDS)
Oct 30th
SDS is once again testing its recent range low, as such, I am reccomending it as a BUY with a sell order waiting for it at 108.49
I will also restate that it is my belief that the market is rangebound for the moment, as such, I am also reccomending taking some of the gains from your long positions and waiting for a better price to occur.
Remember, dont trade with what you cant afford to lose.
Why if you listened to my position on UltraShort MSCI Emerging Mrkts ProShares (EEV) You Made 40%+ today
Oct 28th
If you did win with this trade today, my humble advice to you is to take the trade.
You got a 40% gain off my advice today, I fully expect a sell off day by close of thursday, as such, I am reversing my position on this stock.
I firmly belive we have bottomed, or why I am holding SSO
Oct 12th
In my opinion, we found a bottom last friday.
It was textbook, the fall in the open on heavy volume, the high that followed. There is even a cup and handle pattern in there.
I expect the dow to be back above 9500 by the end of the month, so I am going to hold my 2x the s&p results etf, sso.
Also, i have gotten emails asking if you should liquidate like Jim Cramer says. I say, no, that would be the very definition of buying high and selling low.
If you are young, just wait it out.
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