Thursday, July 16, 2015

TRADE IDEA: SRTY (IWM 3X SHORT) LONG

I'm going to go ahead and open that SRTY position I was hoping to score as the IWM lost ground yesterday and I refused to chase it lower. The charts are moving in the right direction, but I do still have a standard I want to see met on that 10 min chart I mentioned earlier. For now I'll open half a fill size position in SRTY which is already bigger than a full size IWM short. If the charts that I'm looking for are met, I'll either add to the SRTY and/or open an IWM put position, although the Q's are ;looking more interesting for that which is why I left room in SQQQ yesterday.

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