09-09-2011, 09:00 AM
Just to keep up on this protection tactic. This is where I'm at on the trade of TZA
9/8 Buy
TZA 43.92 (dow at 11337)
Bracketed sell order at $50. Means if the stock hits $50 it is auto sold. Note that $50 will mean to DOW will be around 11075ish.
Trailing stop of $2 means if the stock tanked to 41.92 it will auto sell.
9/9 Morning
TNA 44.70 (DOW at 11295)
Trailing stop of $2 (and the fact the stock reached 47.95) now means that if the stock tanks to 45.95 it is auto sold. (My total worse risk now is a gain of 4.62 percent). This is the worse case now. If I was to sell it out right right now, I would gain 9%, but Im holding for 50 which is where my auto sell is.
9/8 Buy
TZA 43.92 (dow at 11337)
Bracketed sell order at $50. Means if the stock hits $50 it is auto sold. Note that $50 will mean to DOW will be around 11075ish.
Trailing stop of $2 means if the stock tanked to 41.92 it will auto sell.
9/9 Morning
TNA 44.70 (DOW at 11295)
Trailing stop of $2 (and the fact the stock reached 47.95) now means that if the stock tanks to 45.95 it is auto sold. (My total worse risk now is a gain of 4.62 percent). This is the worse case now. If I was to sell it out right right now, I would gain 9%, but Im holding for 50 which is where my auto sell is.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi