John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: stuffbug who wrote (16332)	12/12/2014 10:38:39 PM
From: Davy Crockett	of 33421

Hi stuffbug, Thanks! XIV does look like a great product to trade when Bulls are in control. I'm not familiar with the product so I really appreciate you taking the time to point that out to me. I have added it to my long watch portfolio... so when the trend changes I'll have that chart in front of me. Regarding the sell 1/3rd stuff. (sorry no pun intended - I luv your alias), since I'm playing with funds that are in the fire so to speak, I prefer to let my winners win and my losers... I try to cut them out when the trade goes against me. Playing with 3x long/short ETF's you need a wide ranging stop. Otherwise between the commission slippage & the volatility of these things you will always, always get kicked out. I play with mental stops and so far since these things have been invented it has kept me in the game - not quite true... ((well... there was one time back in 2010 I think... where I almost lost my entire load playing with this stuff... I was wrestling with some mental issues & I just walked away from the stock market unfortunately I was holding 3x loaded ETF's... in one of my trading (short-term stuff) portfolios)) I was gone for two or three years... Message 26556845 Message 29189285 Anyway, I don't mind sharing anymore. If I can help just one person that would make me happy. Probably way too much personal information here for what is supposed to be John's thread re: TA & Global issues board. The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor Jesse Livermore

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