Looks like I need to give my last trades time to soak. SBUX is still on trend, so I can be patient. http://stockcharts.com/h-sc/ui?s=SBUX&p=D&yr=0&mn=3&dy=0&id=p24875139340 Not sure on SDS...waiting for the market to decide where it wants to go. Might cut my loss...not sure yet.
FWIW, I have a sell order on SDS at $20.60 while I'm waiting. If it hits that level, (and it is starting to creep up), then I'll make a small profit.
Well that was quick. Sbux jumped, so I sold and made just under 1%. Still concerned the markets will turn down...which will help my SDS.
Chickened out and sold SDS early at $20.40. It was up almost 1%, but I bought it so high yesterday I felt some relief...got out about even. Edit: My bad...it was up only about 0.83%
Now I'm in nothing. I'll wait until tomorrow to see where the market is going. Looks like down, but its still twisting in the wind so I can't know for sure.
Just bought FB premarket. My reasoning is that it's above a well-fitted moving average, and today should be the third day in a row that it's up judging from its morning prices and the overall market's prices. Right now, the market is in the center of a well fitted Bollinger band and it needed to choose a direction before I could pile into anything. Starting to think the market wants to start up, so I am hopeful that FB will pop up. I'm buying earlier than I like, but if I'm right, it'll jump. Here's a chart: http://stockcharts.com/h-sc/ui?s=FB&p=D&yr=0&mn=3&dy=0&id=p59827263877 Here's a proxy for the market: http://stockcharts.com/h-sc/ui?s=SSO&p=D&yr=0&mn=6&dy=0&id=p30847282134
Yeah, I think we're seeing a candle today similar to the one on July 13th on this chart (below). It wants to repeat a cycle. http://stockcharts.com/h-sc/ui?s=FB&p=D&yr=0&mn=3&dy=0&id=p59827263877 Daytrading it or swing trading it...either one...might make sense here.