Moments ago I went long TWM @ $21.11 (ultrashort of the Russell 2000)
Stop is $21.04
I am playing a trade based on the current chart pattern on the Russell 2000 at this moment.
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{ 8 comments }
chuck,
canada here,
what a trade your twm
hope you got out at 21.60 to day
this etf will never again in a life time
go past 30 bucks
these inverses are all imploding because of
continuous role out cost
that means the promoters get rich
and the investors lose money
only good for a very fast in and out
for the most nimble traders
some time ago i said about the same thing for ung
although it,s not an inverse the roleout cost
are driving it in the ground
untill there is no vallue left
now if somehow trough the right connections
somehow has the right information
well then ofcourse a great deal of money can be made
but being thus positioned there will be other
perhaps better entities to trade in
for such a well connected individual
anyway here for what it,s worth
take your profit fast in this one
best of luck from canada
love your video,s
and do not mind you going on a bit
it,s all apriciated
best hdeen
Hope you’re right.
Guys,
Watch the video tonight (will be posted in about 10 minutes). I discuss the TWM trade a bit more.
How can you not get stopped out with only a 7 cent leeway on a double etf? I thought you had to give those a little “wiggle” room.
Man, I had a similar trade on the futures. I went short at 675.6 and had an 8 tick stop. I was stopped in a few minutes.
Fwiw, I have another short setup in the 691-695 area so far:
http://www.screencast.com/users/vmmolina/folders/Jing/media/d241f0f6-2e24-4171-b917-9ab72ddf0142
We’ll see…
Chuck, even though I think of you as an egomanic, here is my ADVICE to you:
1] ETFs are bad vehicles for playing the market as they suffer from many of the problems that we have with options.
2] TWM is a thinly traded ETF with a market cap of only 408 million.
3] Once agin, you are guessing the top, like you have been doing for a year.
When will you learn??
KK,
If you had watched the video posted last night you would have understood my trade on TWM. As I said I would do I raised my stop this morning up to 21.17. Got stopped out at the level I set and made a profit.
And the problem is?
chuck,
great trade
congratulations
hdeen