ERY now $30.64, sold it at $29.22....I hate that.... good thing is I got rid of GUSH @ $14.75 now its trading near $13
True.....Ill just wait for the next ERY dip! The toughest part about this market is when to take profit, with the one day up 300 points and the next day down 400 it gets kind of tough to time it...I had a beautiful profit in UDOW at the open but decided to instead sell it let it ride, instead I sold my SVXY and GUSH and held on to UDOW just in case the market was going to trend higher, well now of course I have a very small gain in UDOW and deciding to just hold it another day or two or week!
Entries are easy, when to get out is hard part, imo. When I think smthg has chance to run I'll take a little off table, let rest ride. I feel good about locking in some profit, getting a bit breathing room, let rest ride see what happens. I hate outright loosers! Esp those that were once in the $. Worst part is I give back a bit of the profit on the "rider", but don't outright lose.
s2007s: you seem to trade almost in a "neutral" manner...So you're long some etf's, long some inverse etf's and then you close out the profitable side...But you're in a drawdown on the other side of that trade...Granted if you are good an entering, good at exiting, it works... It's kind of like trading options spreads...you leg in one side, leg out the other, etc...
If entries were so easy and exits so hard you'd just make a shit ton of trades and lock in profits with a stop. Repeat over and over again and build up capital. Truth is it ain't that easy. Both entires AND exits are difficult - plus you've got direction as well.