Trading the FAS/FAZ ETF at the Open

trading strategies and money management discussion, code, results

Moderator: moderators

User avatar
foreman01
rank: 50+ posts
rank: 50+ posts
Posts: 100
Joined: Sat May 23, 2009 12:55 am
Reputation: 0
Gender: None specified

Postby foreman01 » Thu Aug 27, 2009 2:05 am

I do TNA (triple leveraged Direxion ETF follows RUT). Tried TZA (bear version) on the downswings but kept losing $$$. Now I just buy go with the trend and buy TNA on the dips and sell (hopefully) at the tops. Sold today for about $700.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
adaseb
rank: 500+ posts
rank: 500+ posts
Posts: 871
Joined: Fri Aug 21, 2009 5:20 am
Reputation: 0
Gender: None specified

Postby adaseb » Thu Aug 27, 2009 5:30 am

Yeah thanks for re-analysing the work.

It seems that there is no good statistic in trading this at the open. Pretty much it seems its 50/50.

Either way thanks for providing the code and the work.

User avatar
adaseb
rank: 500+ posts
rank: 500+ posts
Posts: 871
Joined: Fri Aug 21, 2009 5:20 am
Reputation: 0
Gender: None specified

Postby adaseb » Sun Aug 30, 2009 9:30 am

Ok. I found a link where TRO created a nice ETF Long code for Stock Fetcher.com

You can find the code at

http://beta.stockfetcher.com/sfforums/? ... &start=400

When you run the ETF LONG code. FAS is the only ETF thats shows up.

It has a 82.6% rate of reaching 50 cents from the open if it reaches at least 10 cents.

And I am sure if you are experienced you can try to scalp a little more than just the potential 40 cent profit.


For the ETF to short. OIH comes up with a 84% success rate.


Good luck in your trading.

User avatar
rowdy
rank: 150+ posts
rank: 150+ posts
Posts: 157
Joined: Fri Feb 20, 2009 1:22 pm
Reputation: 0
Location: Murfreesboro, Tennessee
Gender: Male

Postby rowdy » Wed Sep 02, 2009 12:58 am

Today was unbelievable day for FAZ/FAS. Hopefully, if you were in you were on the right side. Apparently, some rumor of a major bank about to fail prompted this. Now with the possibility of commercial real estate problems, we could see another round of bank failures. This isnt anything new but considering the movement of the financials this year, you have to like these as a real trading opportunity.
All I need is Supply and Demand

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “strategy trading & money management”