I was stopped out today at a price of $16.51.
My total loss on this experiment was $95 plus $40 in commissions so goodbye to $135.
It looks like a choppy day overall in the market. But the trend so far with FAZ was down.
Of course, there is the distinct possibility for major tankage and as I write this, futures are sharply down as well as $TRIX is heading negative.
I did sell the FAZ when the RSI(2) was the lowest it was on the day on the five-minute chart. Not a great exit if I was day trading it, but on the one-minute chart, there is clearly lower, lows and lower, highs.
At this point, I’m going to focus on my sim day trading the next four weeks.
Time will tell if I was stopped out by .19 cents and then a major reversal in my favor….
