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Hi traders, Can ETFs that track market indeces, such as SSO or FAS, etc., really purely track the corresponding index, irrespective of trading activity in the ETF itself? For example, say the Rifin is holding steady for a period of a few minutes, but during that time there is a great deal...

The notion of 3x ETFs being safer than buying on margin or using single stock futures, etc., would seem to suggest that one isn't planning on cutting losses. If you're going to cut a loss when it gets to, say, 2% of your account equity, then it really shouldn't matter which instrument is used...

Many brokers already require 100% cash payment for Direxionfunds shares, such as the firms clearing through Penson, etc. My particular brokers, IB offers leverage in the amount of about 3 to 1 at the moment, but I personally would never use it. Isn't the whole point of these structured...

Interesting. 007ARB....? Are you saying that you are Gary Smith? Wow, if so, this forum's stock just shot through the roof. Gary Smith is the real deal. I've pored over __How I trade...___, reading it and re-reading it numerous times since it 's first release. No single book has influenced...

I called Direxionfunds and asked them this very question. After a hollow pause, the representative sighed he had know I idea, and that he "would be a lot happier of a person" if he did know. He assured me there would be all sorts of press releases and publicity, and that one couldn't miss them...

Don't know if this is the right forum, but here goes: The Feds treat futures, forex, and other contracts defined in IRC § 1256, as 60% long term capital gains and 40% short term gains, irrespective of how long the contract is held. If one is successful enough to be in the highest tax...

Hey, I said this was hypothetical. Relax.

Hi Traders, Do any of you have brokers that report your forex trading activity to the IRS? None of my brokers ever have, due, so they say, to the "international nature of forex trading," whatever that's supposed to mean. If the IRS is never apprised of retail forex capital gains on the part...

Hey folks, Shouldn't we have a little more love on this forum? I call for a softening of the antagonism and disparaging judgments of each other that are so unpleasant and distracting. Let's go pro, shall we? No more links to "how to commit suicide" pages. That has no bearing on the topic of...

I don't have a particular link to share about the upcoming Direxion monthlies, but a google search yields numerous references to the SEC filing for the new funds. Regarding shorting the funds against each other, one might try shorting the daily, going long the monthly. That way, one could...

Hi Traders, I'd appreciate some insight into how dividend payments work. I would like to participate in the dividend distributions of some stocks and ETFs I have and thus must hold the shares through the close of trading on the day before the ex-dividend date. I understand that a stock's...

I'd be interested in knowing your source for those criteria. In any case, many of them would seem to describe the nature of exotic currency pairs, i.e. the wide spreads and lower relative volume. Do you think pairs like AUDJPY might prove more trendable than, say the EURUSD, which is...

Hi Traders, What types of securities or sectors within a given asset class do think exhibit the greatest tendency to trend? Gary Smith, in __How I Trade for a Living__ suggests that junk bonds, and funds comprising them, trend better than funds of other asset classes. "They either go...

Hi Traders, Do you have any opinions on which pairs are most deferential to technical perceptions, such as chart patterns, trend lines, established support and resistance levels, Fib, Elliot, etc. My own current pick is GBPJPY, but I haven't made a very thorough examination of it. I just...

With the help of a calculator, I figure I could easily weigh profitability against cost in any given case. It may be that there's very little profit from it, but I do think one should manage to make some. Market makers hedge for all six Greeks with the intention of capturing the bid-ask...

Have you checked out Saxobank? They offer customizable vanilla OTC options and say they'll be adding exotics pretty soon (they may have them running by now.) I think that totally beats the ISE ones. If you're not familiar with this type of option, there's no substitute but to download the...

Hello traders, Can you recommend software or a calculator that solves for the appropriate options spreads (in conjunction with the underlying, if helpful) to achieve neutrality of the greeks. I'd like to be able to neutralize as many as three of them. Thanks.

Yes, they're only for Indian citizens and/or residents. I know: I tried to trade a few stocks on the NSE and couldn't. The rep said only Indian residents are allowed. However, many other countries are available for equities trading to any and all nationals.

Have you given any thought to betting on greater divergence, rather than convergence of related pairs? One might, for example, buy a good stock (where you find one is another topic, but for starters you could go to IBD's top 100, I guess) and short a poor performing stock (and there are lists...

Hello traders, I've heard news about Direxion's application to the SEC for 40 new funds intended to return 3X on their underlying indeces on a monthly basis, as an addition and alternative to the daily-tracking ones they currently offer. Does anyone know if and when they'll be available? I...