TNA stop

[Pascal]

Bill,

Thank you for pointing this 1 cent difference. It is important for the following reason: All the figures for all the related ETFs are indicative only and are calculated by applying on the IWM figures a ratio that is proportional to the 20D ATR ratio between each instrument.

Therefore, the trailing stops of these related ETFs are recalculated every day on the base of the new IWM trailing stop (even if it did not change, they are still recalculated because their relative ATR maybe changed.) In the case of TNA, the IWM trailing stop did not move, but the ATR ratio changed a little. This is why you have this 1 cent difference.

Once again, the related ETF figures are indicative only (as Billy wrote). When you trade a related ETF, make sure what the IWM position is... And yes, you need to adapt by one cent your TNA stop so that it best matches the IWM stop loss, considering their relative ATR.


Pascal