DOW
The DOW closed at 13,046 today. I think if we get a close or two below 13k we'll be looking at a pretty significant retracement. Thoughts?
The DOW closed at 13,046 today. I think if we get a close or two below 13k we'll be looking at a pretty significant retracement. Thoughts?
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I bought SPXU (3x short S&P) yesterday. I don't think this rally is sustainable.
Good call, I was thinking about going with a levered short ETF for my personal as well.
Oh shit, leveraged ETFs can eat your lunch if you aren't careful
Leveraged ETFs are for intraday trading only.
Why is this? What if you want to short the market for the next 3 months with leverage?
It's just dangerous. Go talk to anyone who was short FAS the past few weeks, or long FAS a bit before that. I've held these guys overnight and made a killing at times but more often than not I'm taking a fat haircut because of it. Definitely a trading tool and not much more unless you have some sort of serious conviction and are okay with that kind of risk.
http://www.zerohedge.com/news/leveraged-etfs-why-do-we-have-them
Yeah I know, I'm just using it to hedge out some intraday risk.
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