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Thanks, J.FWIW (which is very little), the market looks bullish to me too. However, as I've said in the past, for an overwhelming percentage of traders, it's best to choose a system and stick to it.
My system is Long for TZA for a price target 14.95 Tna is down spy down the only things that is weird to me XIV is very bullish
I was aiming for something similar myself. In fact, I'm very tempted to put a sell order at TZA 15 and turn off the computer for a few weeks. :-)
Strong contango is absolutely murdering VXX. XIV is the beneficiary. Glad we are in TZA and not VXX. ;) Although the better trader obviously would've been XIV since it moved to strong contango back on May 21st @ 9.48!!!!
Not that I have a clue what I am doing, but I would assume the markets would have to go down a little right now... then head higher.I like your idea of selling at 15 and taking a break. I am just hoping this turns out to be a good trade as my luck has run out.
Alex,What's the live trading CAGR for your system for the last two years?
Hi Algyros it,s 144%
If you're making 144% compounded annually, congratulations. Could you share the logic of your system, its history, etc.
oh, yes, please share :-D