[Setting Stop on ProShares UltraShort S&P 500 (SDS)]
Dear Member:
SDS has moved significantly since my entry a little while ago. To try to assure a profit, I am placing a stop to sell at $61.26. If filled at that amount, I'll make 41 cents a share in a short time. I am looking for the S&P to continue down, but nothing ever goes in a straight line so I would expect to exit on turns at tops and enter at bounces from dips.
DISCLOSURE: At the time of publication, I own shares of SDS.
Sincerely,
Bill Kraft
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