|
The bull's horn (pg. 2)
|
View this Thread in Original format
| Lagrangian |
| quote: | Originally posted by Dykes_on_Jay
For a price, you can have the baby's arm.
This could be you! |
:stongue: :stongue: |
|
|
| Nrg2Nfinit |
| quote: | Originally posted by billymadision
I didn't close the position, I bought a short ETF. Specifically SPXS. In hindsight SQQQ or SDOW would have played better as to date, although I can't see the difference in the middler term :rolleyes: Lots of stocks have been shuffling around the past few days, just waiting for the profit taking. |
I'd be carefull with that. The S&P is fairly stable. Take a look at its historicals.. you're almost better off shorting the short etf and collecting the management fee short premium to NAV. Hold a short position with at least 100% margin, you're guaranteed to make money over the long term.
just compare the actual s and P to the etf.
otherwise i would just go for a 5 % scalp with your position. |
|
|
| Nrg2Nfinit |
you arent suppose to hold these etfs for long. look at teh charts, the management fees will hurt you..
If you don't believe me look at the long etf and compare it to the s and p 500
or take an area where it dropped for a long period of time, compare it to teh short etf and see the gains. you'll know what im talking about then. |
|
|
| Lagrangian |
Japan GDP tonight, at around 19 hrs ET.
If ¥ strengthens, the $ will remain under pressure this week. We have retail sales on Tuesday aswell as UK CPI.
Should be a good one. |
|
|
| billymadision |
| quote: | Originally posted by Nrg2Nfinit
you arent suppose to hold these etfs for long. look at teh charts, the management fees will hurt you..
If you don't believe me look at the long etf and compare it to the s and p 500
or take an area where it dropped for a long period of time, compare it to teh short etf and see the gains. you'll know what im talking about then. |
If you compare SPXL and SPX from the beginning of Dec 12, SPXL outperformed by 5% in most places. Most likely this is dividend boosting, but no way it didn't make over 300%. |
|
|
| billymadision |
| quote: | Originally posted by Lagrangian
Japan GDP tonight, at around 19 hrs ET.
If ¥ strengthens, the $ will remain under pressure this week. We have retail sales on Tuesday aswell as UK CPI.
Should be a good one. |
|
|
|
| Silky Johnson |
| quote: | Originally posted by idoru
Of course, I can get a hell of a good look at a T-Bone steak by sticking my head up a bull's ass, but I'd rather take the butcher's word for it. |
Lolololololol |
|
|
| billymadision |
Okay, the market was fairly feeble today.
Sincerely, regretfully not flush with silver. |
|
|
| Lagrangian |
ing noob
you make a thread mid summer about how ty the market is, NO ?! It's summer.
You need to sit back, watch baseball, and learn a new hobby.
pick up gardening. |
|
|
| billymadision |
| :rolleyes: Just because it's summer doesn't mean money ain't moving. There are plenty of opportuinities, so now that my position has been floored, I think I will start looking for some. |
|
|
| Lagrangian |
Lol a lot of money on the sidelines, etc.
Top execs at Goldman, JPMorgan, Barclays, etc are off. All big players are off.
The markets are not 'trending', they're flat. Thin volume.
I don't do flat, zig zag, or any of that .
I swing trade, good trends, with lots of volume.
It's a good thing I make enough to take summers and some Christmas days off.
Think like the big guys, not like gullible retail chumps with no pot to piss on |
|
|
|
|
