Tuesday, May 28, 2013

URTY Long

This may turn in to a day trade, so if you look at it make sure you are Reg. T Compliant.

URTY is the Russell 2000 Ultra pro 3x leveraged long, if you don't  want to use IWM options, you  can buy this. Again, this is a short term trade only, whatever the R2K gains, this gains 3x, but you have to be nimble because the bigger trade really is to be short the IWM/R2K in to price strength and you have seen how razor-thin the ling between the two are. This is why this is speculative.

I have some URTY long, it's at a profit and will look to sell in to some strength.

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