A 70k bet that I can't make a 50% gain in 2009

1000 AMZN EXIT 71.31
P/L +387.00

 

03/18/09:

11:30 1000 SPY BUY 77.55
STOP 77.35
TGT77.95




12:04 1000 SPY EXIT 77.96
P/L +395.40

 

03/18/09:

Total P/L + 352.38
4 Trades
2 wins
2 losses

I've been trolling in Mr Weinstein's chat room while at work and it makes it hard to post in here...I guess any rulings on trades I'll have to call NoDoji in here to varify.

 

03/19/09:


9:35 300 FAZ BUY 24.50
STOP 23.80
TGT 26.00

 

9:53 300 FAZ EXIT 27.00
P/L + 736.05

 

03/19/09:


10:30 200 FAZ BUY 27.16
STOP 26.36
TGT 28.95

 

G,

At a point I wanted to short FAZ, however my brokerage (tradestation) did not allow me, indicating it is Reg SHO threadhold security. Does this mean such securities are not shortable? Have you ever shorted FAZ with your brokerage?

OC

 

I manage to short SKF before...very similar.

If not, go long FAS.

There are also options on XLF for leverage.

Although, I see FAZ and SKF is more of a vehicle for reversion to the mean type trades.

 

03/19/09:


14:38 600 DXD BUY 68.03
STOP 67.73
TGT 68.63

 

14:57 Stop to B/E..got to .58 (.06 from tgt)