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Bilifuduo (98.18)

Bummer.

Recs

13

December 14, 2011 – Comments (3)

Thank you unchanged Federal Reserve Rates and euozone debt fears for taking my CAPS rating from 95 to 85 in 3 days and decreasing my score by 500 points.  

 

Eh. Its my fault. Shouldn't have started experimenting with calling ETFs and thumbing down a crapload of Ultrashort ETF's this week. Talk about bad timing. 

 

Dear positive investor sentiment,

 

Please stop dying,

 

Thanks! 

3 Comments – Post Your Own

#1) On December 15, 2011 at 10:01 AM, leohaas (35.73) wrote:

Don't beat yourself up for following you conviction. Thumbing down ultrashort (and ultralong) ETFs will always pay off at some point. It may be a week, a month, or a year, but eventually these calls will go your way, and then you get to harvest them.

One piece of advice: don't close any of them now. This is not real money you have at stake, and you don't need to be prepared for a margin call...

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#2) On December 15, 2011 at 12:52 PM, chk999 (99.98) wrote:

What leohass said.

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#3) On December 15, 2011 at 2:13 PM, SultanOfSwing (99.10) wrote:

Bilifuduo,

You can win using ultra and ultrashort ETFs.  You just need to have a rock solid strategy that you continually refine over time.  It may be frustrating at times as your whole board may be a sea of red if you're caught leaning the wrong way.  And be aware of the 7-day holding rule too.  So whipsaw moves are not playable here.  It's not for the faint of heart, but it can be a profitable endeavor given a winning strategy.

Best of Luck!

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