ERY - Energy 3x Bear

[Albert0373]

Picked up some ERY at 48.06 in anticipation of a decline the energy sector, particularly solars. SOLF reports tomorrow and outlook is grim.

Plus, I wanted to try out one of these new 3x leveraged ETFs....oh boy.

http://i38.tinypic.com/wji9s9.png

[Albert0373]

That was quick...jumped to 49.00

[Albert0373]

15min till closing and moves up to hit 50.43 8)

Going to hold overnight for SOLF's earnings tomorrow.

[carguyindebt]

I picked up some shares at $49.50, I'm already in FXP DXD & SKF...TODAY was a good day. I am thinking that the whole week is going to be a down week considering all the bad news coming out and the sell off from the previous rally.

[Albert0373]

Careful on all those short ETFs, have a planned exit strategy in mind.

These things fall in a blink of an eye on the smallest rally.

[fbm]

I love these 3x ETFs. But like you said you have to have an exit strategy. I normally hold for one week then switch to the other side. I'm still pretty new at trading, but these seem like the way to go for me to build up some capital.