Wednesday, May 26, 2010

A little Bear Buying

OK, I think you can go ahead and take on some Ultrashort/Direxion 3x Bear ETF's-they should be on the 2 lists, I'll add more.

UYG, SKF, QID, TWM, TZA, SRS, BGZ are a few examples-still do not take on more then 25% of your full intended position, have a stop that is a bit wide, even if you have to take on less shares and position size so that your stop getting hit will not risk either more than 2% per position or divide the number of positions you intend to have into the 2% to figure out how many shares you can buy.

*UPDATE
Here are the leveraged shorts you can buy that look decent, be careful not to over/cross correlate positions

TZA
TWM
SKF
SRS
QID
BGZ
EDZ
TYP
EEV
FXP
ERY
FAZ
PSQ
DXD
SSG
SMN

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