Today I was focusing on the RUT index which seems to be smoother than NDX and better in trending. I use its 3 X leverage short ETF to trade, symbol TZA. The 3 orange arrows denote the places I have entered my positions, 1/3 at each location. Looks like my stop-loss was too tight to get "Faked-out" before the big move. It was sad, but let's learn from mistakes.
Monday, December 1, 2008
Russell 2000 Intraday Faked-Out
Today I was focusing on the RUT index which seems to be smoother than NDX and better in trending. I use its 3 X leverage short ETF to trade, symbol TZA. The 3 orange arrows denote the places I have entered my positions, 1/3 at each location. Looks like my stop-loss was too tight to get "Faked-out" before the big move. It was sad, but let's learn from mistakes.
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