faz is fast...man this thing moves and goes all over the place on L-2. first time trading this 3x financial bear. just gotta trade base on overall market direction and chart setups...will confuse the hell out of you if you watch the L-2...and never use market order on this one, as it will suck the life outta you.
bought 78.49
sold 79.05
reason for buying:
spy looking weak on gap fill + double top formation + ready to break down
financials again very weak.
wanted to try out the fast moving FAZ rather than UYG
nice pattern of high low and ascending triangle consolidation ready to breakout with market weakness.
reason for selling:
1st time, not used to such unstable moves
have to really believing in the market's direction in order to have much conviction.
options expiration...take any gains
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