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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (65664)	10/31/2014 3:09:23 PM
From: Peace	Respond to of 219851

Thrill - yes. Cheap - Yes. Double I don't know. Actually I have played with the 3X a bit recently because of the volatility. I only risk when there is a big move. Did pretty well playing with SOXL, TNA, FAS & TQQQ recently. Out of all of them. Minutes ago sold BRZU at 15 for a 30% return. Even managed a decent return on ERX when oil slumped. Oil hasn't really recovered but I got out for a 15% return. Have an order on JNUG for 3.50 since the morning and debating whether to bump it up. Agree these are risky and I normally don't trade them only when the payoff can be big. Even if I lose on this one I am quite content and I think I will make money on this one too. I don't have any targets just try to be contrarian and opportunistic on these position trades. Sometimes that doesn't work. You win some you lose some but its all fine as long as you win more than lose. I am not in a position to watch markets all day so only look at bigger moves that occur over several days. I also don't have your kind of tools but hoping to build or acquire some when I am able to watch markets and trade short term in a few years.