Originally Posted by
brrim
Billy; I am still struggling with the conversion of IWM entry-stops to TZA.
The settings for entry today are IWM 81.87 entry, 82.87 stop. Last close 80.98.
Entry 81.87 is 0.2470% above the close. X 3 = 0.7410%.
TZA close 38.28 - 0.7410% = 38.
This is in sych with the website.
IWM Stop at 82.87 is 2.3339% above the close. X3 = 7.0017% for TZA.
TZA close 38.28 - 7.0017% = 35.60.
The website lists 35.66 as the stop.
It is only a few cents, but I'm trying to make sure I am doing this correctly.
Thank you in advance.
Best regards,
Robert