I would love to sell some of my SSO here near the close @ 37.00, but if I do I risk one of those 3-day "free ride" trading warnings, so I have to wait until the morning. I sure hope we don't gap down in the a.m.
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Congrats, Tom :) I was 2 cents shy of triggering my TNA sell at $50 flat. Not worried. Could get a freebie pop tomorrow pre-market.
BTW, that's why I like margin. Not to leverage up the wazoo, but you never get the freeride warnings. And you can be nimble as you want.
BTW, I'm pretty sure the shares I sold were settled if you use the "first in, first out" rule, so maybe they won't say anything. Might have just gotten an automated warning since I had shares that I "shouldn't" sell also.
Ah... I see. Yeah, I've received one of those in Vanguard (in my wife's SEP-IRAs). That's almost as bad as waiting around for an IFT :)
Oh, and thanks Tom for the Sentiment Trader stats... they have been on the money. Once I failed to adhere (Jason Goepfort's symetry to re-test of the flash crash warning)... and also for the Gap Down of 2% or more in the futures... that i did take to heart.
Boys, I'm so far out on margin I needed a life jacket - that's why I bought myself a sacrificial account to help cover any margin calls - so far my luck is holding. Now if this bull starts to stampede again I'll move even further out on margin because the more you have in the bigger the win. A 10% correction I found out will swing my oceanic account to the tune of $500K and I'm still standing with all my assets intact and ready for the next ride higher. The lesson I learned is that I'm graduating to the big time and can handle the pain that comes along with asset growth. I suspect we've seen the bottom at Dow intraday 9774.
Awesome, can you buy me a DB9? I always wanted to pull into work like James Bond.
Oh and VIX is under 30, more importantly under the mid-bolly (20 dma).