Someone on the chat wrote that they buying it here which helped to do my decision.
Market was pulling sharply down and TZA looked the best from ultrashorts. Nice set up and nice technicians (tech). It created nice flag and I anticipated to break it to upside and market tanking even more. STock run up to 15.60 as previous high in the wedge and pulled back took out my stop. I don;t feel good about this trade.
Set up: So so
Stop: 15.43
Would I make this trade with real money;? Probably / Not sure
With ultrashorts there is this chance to make great bucks when market tanks but they are volatile so one has to be careful.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-24 14:41:21 | TZA | buy | $15.490 | long |
2014-03-24 15:38:16 | TZA | sell | $15.365 | 0 |
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