Protection

[Vanraw]

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
TZA 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.[/quote]

9/9 Stop limit Sell order kicked in at 9:10 CT
TZA $45.91 (DOW 11145) 4.53% profit
Remember this was my trailing stop loss trigger. TZA has gone up again right after this hit, but must resist changing the original rules of the trade that were defined. I'm perfectly fine with a 4.5% Plus a 17% gain in 5 days.

Next step is monitor the DOW. I'm very close to buying TNA again with a bracketed stop loss again, in a bet the dow will rise again to 11400 area.