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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (5603)8/30/2010 12:21:19 PM
From: Steve Felix  Read Replies (1) | Respond to of 34328
 
Quick snapshot today. .07 is that extra slippage? lol!

TNA    35.10    -1.20             
TZA 37.07 +1.13



To: chowder who wrote (5603)8/30/2010 12:40:47 PM
From: Steve Felix  Read Replies (1) | Respond to of 34328
 
OT - Took an $8000 airport ride the beginning of the month. I'm in and out, mostly TZA, as many as four times a day. Just seemed to be totally tuned in. 14 of 16 trades positive. Thinking of which dividend stock I will spend the cash above my cushion on.

Get up in the morning and make two more TZA trades to the good. I'm sure the market will come back in the afternoon so I flip to TNA. I head to the airport to pick up my daughter.

I'm right and the market comes back, but I'm not here to cash in on 2K at 3 o'clock. By the time I get home it is after hours and I am back to even.

That is when I made my second mistake and didn't sell in the after hours. Woke up 6k in the hole.

Even though I was right, I took my eye off the ball and it smacked me in the chops.

That's why I describe these as sport.