| Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses | Duration |
|
| 40.11 |
|
|
| Even | 3 Days |
Reason for Buy / Sell / Sell Short / Buy Back:
- Stop loss triggered.
Lesson Learnt:
- This beast is hard to trade in the fist place. As a result I was quite protective in my stop loss. I have move up my stop loss after second day to try to protect capital.
- This gap down of FAZ is because of the gap up rally in all indexes. However, the rally fade away slowly.
- Question is do I actually know that I should sell when FAZ hit $41.75? Answer is YES! That is the day when SPY stop at the 20MA line and sitting right on the trend line. Smart investor would have expect a technical rebound the next day and NOT TO GET PANIC, but to sit through the 12:00pm cycle and observe how it behave at the intraday MA lines.
- My stop loss technique is not good yet. Other than protecting capital, I have to set respective to intraday MA lines also, so that I don’t get punch out for nothing.
- Market is still deciding which way to go.
- In fact, if you observe FAZ weekly chart. It is not hard to see that the price has stabilized for 3 months. Long term chart look really interesting where all the MA lines looks like they are all going to turn…. and turn UP. Is the Amargeddon going to come?!
| Intraday Chart |
|
|
| Historical Chart |
|
|
No comments:
Post a Comment