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Since the start of this thread spy has returned +35 bps and spxs is -343 bps again another timing issue compounded by the levered funds impact by daily rebalancing that is shown by these two differences
I bought sh, dog and psq on mar 12th and got stopped out yesterday. Waiting for a bit higher move for confirmation before heading long.
edit:
I think we are gonna break the high but not betting on it. just trading the direction it goes. if it stays choppy then I am just gonna wait until it establishes a trend.
i went almost all cash back at the end of jan.
I only use the x3 for intraday when there is a strong surge, like today, but unfortunately I am not able to watch closely enough to trade todays gain. I typically don't do any day trading anyways.
How often are you pumping and dumping a fund like this? Are you checking it daily and midday like a Day trader?
Just trying to understand the use of this type of fund. Thanks.
It's merely a hedge. It's a triple short play against the DOW. I've had it for roughly a month and for a relatively small amount of my holdings. There's a lot of 'decay' on products like this one, so it does need to be watched pretty carefully. If the market crashes, it's gold. Or if there's a 1 to 2 year period of a steady bear market - it's still not bad. But if the market flat-lines -- it's probably time to unload it.
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