My $10000 Dollars

Got out of my leveraged position today given how the market was behaving.  Bank of America posted positive news…yet the banks were tanking.  Not good.  I decided to sell my most leveraged one (FAS) while maintaining my position on UYG.  I’m not quite ready to sell since it’s at a critical level and may see [...]

I’ve been traveling all last week and will be traveling again this week. I won’t be doing too much trades since I can’t even look at my stocks…BUT I am holding UYG now since the financials officially broke the support. Things are just looking very bullish at this point.
But is this all real? [...]

Today marks the start of my 30 days Timothy Sykes challenge. Some of you probably have heard of him before, but he’s made a name for himself by turning $13G into a million.  Some of you maybe saying “What, is this guy for real?  He can’t be legit.  How can anyone turn $13G into a [...]

Many people do not realize that ETFs tracks certain indexes (for example UYG tracking financial indexes long) by reflecting the daily % gain or loss of the index. Therefore, the ETF’s gain compounds up or down depending on the behaviors of its index being tracked.
For example, if a fictional “ETF Long” fund tracked 2x (double) [...]

Sold my put option this morning for a nice profit. Ended up making a few thousand bucks from this put. However I’m still holding FAZ call option (of course lost its value), which means I am now officially going bear again.
Did I make a bad move? Very possible. The bulls are [...]

Financial ETF Types:
XLF -Financial Select Sector SPDR
This is your very basic Financial ETFs long (bullish). It tracks some of the major financial stocks such as Goldman Sachs (GS) and Morgan Stanley (MS). This is by far the least volatile financial ETF out of the others I use (outside of the normal volatility [...]