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Thread: TommyIV's ETF trades and thoughts

  1. #13

    Default Re: TommyIV's ETF trades and thoughts

    Bought and sold TNA in less than a two hour span today. This morning I bought the ETF TNA at $69.96 a share. I wasn't planning on holding the position long but didn't think I'd sell so quickly either. Less than two hours later the trading action seemed over extended and I wanted to lock in the quick gains before it pulled back. I sold at $70.59 a share for a 0.9% gain.

    I'm not feeling tremendously bullish but I noticed small caps were lagging large caps at the time I bought so I was expecting them to catch up; they ended up outperforming by the time I sold. I did sell TNA a penny off its highs before a bit of a pull back but it seems to be climbing back at the moment.
    TommyIV's ETF Trading Returns |
    Chart Patterns |
    An ETF Trading Primer |

    Disclaimer: This is not advice or a recommendation.

  2.  
  3. #14

    Default Re: TommyIV's ETF trades and thoughts

    Quote Originally Posted by TommyIV View Post
    I sold at $70.59 a share for a 0.9% gain.
    Nice. Doesn't seem like much, but with no trading commissions anymore, even making that once a week would be near 50% annualized return.

    If it were only that easy.

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