Exposing Ideas to the Envelope of Serendipity



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Wednesday, March 25, 2009

Ultras


I never keep the leveraged funds long term. A day trade usually, or a very quick swing trade rarely.
BGU BGZ DDM DIG DXD ERX ERY FAS FAZ MVV QID QLD ROM RXL SAA SDS SSO TNA TWM TZA UCC UGE UKF UKK UKW UPW URE USD UVG UVT UVU UWM UXI UYG UYM

These instruments are a great way to trap profits on trending days. They really are the vehicle to trap short term trending day profits.

I have been successful using FAS, FAZ for exactly that purpose.

Identifying whether a day will be a trending day or not has been difficult for me, but when one is able to nail it, you could make your year in a single day using these instruments.

What characteristics do we look for to be present to ID ( with good odds) whether a day will be a trending or not?

Currently, I'm using $TICK, VWAP, prior day pivots as resistance or support, and whether sectors are ALL moving together in the same direction.

Here are articles giving warning to ways of misuse of these articles:

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