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Just bought 100 shares of TMF for ~ $7500
Posted: Fri May 18, 2012 9:51 am
by Odysseusa
TMF = Direxion Daily 20+ Yr Trs Bull 3X Shares
Please wish me luck. Thanks.
Re: Just bought 100 shares of TMF for ~ $7500
Posted: Fri May 18, 2012 10:57 am
by Reub
Good luck. But be careful. The markets are truly unknowable.
Re: Just bought 100 shares of TMF for ~ $7500
Posted: Fri May 18, 2012 11:11 am
by sk55
good luck.
i am curious how well it will do since its a leveraged ETF.
Re: Just bought 100 shares of TMF for ~ $7500
Posted: Fri May 18, 2012 2:46 pm
by Odysseusa
thanks
I am using my left-over money to focus in one asset with the highest relative strength out of cash, bond, gold, stock.
relative strength
TLT = 96
VTI = 70
SHY = 64
GLD = 38
Source
http://etfscreen.com/
Re: Just bought 100 shares of TMF for ~ $7500
Posted: Sat May 19, 2012 1:27 am
by Odysseusa
I bought 100 TMF around $75 and put in a stop loss at $70 (Good till Cancel) just in case.