I have known how leveraged ETFs work and have always been leery of them. I will only use FAZ or FAS in a rapidly falling or rising market, and just hold for a few days.
I have known how leveraged ETFs work and have always been leery of them. I will only use FAZ or FAS in a rapidly falling or rising market, and just hold for a few days.
Got out of UCO 2X leveraged today @ 9.33. Good day for oil so I only lost 8%. I was down a lot more yesterday. Learned my lesson on leveraged ETFs.
Bought some F today on a long term hold. Putting it away and forgetting about it.
Thanks to everyone for all the good discussion.
Oscar's video today, the market's going UP!!
http://www.youtube.com/watch?v=i46gxnIDfRI
Well so much for putting away and forgetting about it. Buy price was 2.90. Today it hit 4.00 and I didn't have a stop in. 26% up at close I guess I am going to sell. I didn't expect this much this fast, but I am not going to look a gift horse in the mouth, sooo put in a sell order for 3.70. I may revise it in the A.M. depending on the futures.
Put in a buy order for dbb @ 13.80. Sell order for F is in @ 3.65.
Still holding SLV.
Final stats from this mornings orders:
F sale closed @ 3.65 (+25.8%) bought @ 2.90
Bought DBB @ 13.65
Sold 50% of my SLV @ 12.00 (-8.5%) bought @ 13.11