As I look now, I'm back to even as I bought 25 shares of SDS at 67.77 (fees included) on 1/5/09... I could sell now and start over at $2,000, but I think I'll ride out the bad news until tomorrow. I have a limit order at 71.50, which would get me the first 5%. Either way, I think I'm going to close this position tomorrow and do more research.
Leveraged ETFs are fun. I need to learn to trade options - quickly... (see, that's my problem, I haven't even "learned" what I'm doing and I'm already trying to learn something else....)
Thursday, January 8, 2009
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