Thread: bmneveu's Account Talk

Originally Posted by bmneveu

Buy Low, Sell High. I have to remind myself occasionally. We are at highs not seen in years on some indexes. Not a bad time to be short if you ask me!

Don't get me wrong it is definitely a buy low time, but when I bought in it seemed like a buy low time as well...I'm probably not going to make anything off of this trade unless the market drops out so I'm going to have to make a decision to sell after we do get a pullback regardless of where it is so I can hopefully recoup my losses from a TNA trade. We shall see...

Looking at TZA (3x bear small cap ETF) over the last 6 months or so, we appear to be breaking down out of a big head and shoulders set up. If this is the fakeout followed by the blast off, not only would it be a great buying opportunity right now for TZA, but also spells disaster for those that are long small caps. I'm very new to analysis so help me out here if you'd like, haha

TZA chart 10SEP12.png

Originally Posted by bmneveu

Looking at TZA (3x bear small cap ETF) over the last 6 months or so, we appear to be breaking down out of a big head and shoulders set up. If this is the fakeout followed by the blast off, not only would it be a great buying opportunity right now for TZA, but also spells disaster for those that are long small caps. I'm very new to analysis so help me out here if you'd like, haha

TZA chart 10SEP12.png

Shoulder line should angle up, but this one doesn't look like it is...

Head and Shoulders

Bought some TZA (bearish/short ETF). Might buy more in the morning. I feel like our heads are hitting the ceiling, but the floor is 10 feet under us... know what I mean?

I sure hope so...my TZA that I've been holding for a while is hurting. I'm going with J's next move out though even at a loss. Time to get back on track even if it takes TNA to get me my money back from TZA.

AGG steadily climbed back up all afternoon after the the fed announcement. I wonder what that means for stocks tomorrow, if anything?

AGG13sep.png

Thinking about adding shorts at these lofty levels. Is that crazy of me?

It's always fun to throw money away - better than redistribution.

I may look at dipping my toes in today if we're lower or flat before the deadline. I hate buying in near the top but I'm not tryin to miss 3 rallies this year.

Originally Posted by Birchtree

It's always fun to throw money away - better than redistribution.

Yesterday was profitable for me, thank you!

Looking back at yesterday's morning dip, I would have IFTd in if I had had the chance, but I was on a flight all morning and missed the deadline. I did end up selling TZA for a very minor profit. Not really worth the time invested in it, but I'm glad it wasn't a loss either. Now back to my hotel bed....

Been missing your thoughts on the market. I think you said you were heading to a happy place a little while back so I hope you are doing well. Take care.