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  1. Scataphagos

    Shorting SPX using SPXU

    You lost me. You apparently want to argue "some notion", which I haven't been able to decipher yet. Nobody else is trying to help you, yet you argue STUPIDLY like my wife. No more for me. ON IGNORE!!
  2. Scataphagos

    Shorting SPX using SPXU

    You're not "seeing the forest for the trees". If you are long SPX... and long 1/3 SPXU, you are effectively "hedged"... regardless. What matter is the "percent change in each". The "Price per share" is IRRELEVANT! STOP FOCUSING ON THAT!
  3. Scataphagos

    Shorting SPX using SPXU

    So what? It's your hedge. Once you get into a "hedged, break-even" position... you're no longer going to make or lose a significant amount of money, regardless. Hedging should be a defense against a "short term situation of uncertainty". If you want a "long term hedge against adversity"...
  4. Scataphagos

    Bitcoin Trader Made Millions Trading on Margin — And Then Lost It All

    Maybe it's not "the story, per se"... more like the concept.
  5. Scataphagos

    Shorting SPX using SPXU

    Check my earlier post. If you want to hedge your SP long position, buy 1/3 of that amount in the SPXU. That's as close as you're likely to get. It's not that complicated. And you're unlikely to ever get the "perfect hedge", regardless. You're gnashing your teeth over a small amount of...
  6. Scataphagos

    Bitcoin Trader Made Millions Trading on Margin — And Then Lost It All

    For what? Trading your money? What makes you think he knows "come here" from "sic 'em"? What he SHOULD have done is cash out when worth $Millions.... but no, he had to press his good fortune to go for "Hundreds of $Millions".... I have a philosophy about trading and the markets... "Learn to...
  7. Scataphagos

    Bitcoin Trader Made Millions Trading on Margin — And Then Lost It All

    Great temptation to think (hope?) BTC is "going to the moon". Maybe it is, but short-term volatility likely to ruin some who play on leverage. If one trades with great leverage, it's sensible to use tight stops. Is that even possible with BTC?
  8. Scataphagos

    Shorting SPX using SPXU

    I wouldn't bother with that. (1) value would vary depending upon how long you've held it... leverage expenses, and (2) having the proper ratio will give high percentage of offset. You might even find that when you've become convinced of the market being bearish, you could up your SPXU position...
  9. Scataphagos

    Shorting SPX using SPXU

    Probably not.... due to the costs of leverage being an expense.
  10. Scataphagos

    Shorting SPX using SPXU

    Of course it's good as a hedge in 2-3 year bear market. But due to costs of leverage, your "3x hedge" may become "2.8x".... or even less if you've held it long enough.
  11. Scataphagos

    Schumer Surrender - the M& M Massacre

    Schumer is an ASSHAT! Hates America. ALL THE WORST TO HIM! :(
  12. Scataphagos

    How certain are you of the trades you place?

    HOGWASH! Whatever "play" a trader makes, it should be with the expectation (in his own mind, right or wrong), that it's likely the correct play. Who in his right mind would conclude... "This is a low "probability play, but I'm going to do it anyway"?? (You know like gambling... betting "8 the...
  13. Scataphagos

    How certain are you of the trades you place?

    With proper understanding, fairly high... >60%. I'd say. If strategic plays are correct, the "reasonably expected/hoped for(?) profit objective" should be 3x-4x the amount risked. The key is understanding "why". Stops, as always.
  14. Scataphagos

    Shorting SPX using SPXU

    Speaking of hedging... Some would say, "I'm hedged... regardless of what the market does, I won't lose much". OK... especially if your trading objective is to "not lose much"... but that also means "I can't make any/much money, regardless of what the market does".... gains in one position are...
  15. Scataphagos

    Shorting SPX using SPXU

    The object of a hedge is to keep you from losing BIG in an uncertain environment.... regardless of your vehicle and how you play it. Sometimes the hedge even makes you a bit of money. Hedging isn't a path to success in intself.... it's a "risk management" tool. "Going to cash" is a hedge, too.
  16. Scataphagos

    Shorting SPX using SPXU

    Hedging isn't 1:1 perfect. Having a hedge to protect/offset from the "bulk" of a move against you should be your objective.
  17. Scataphagos

    Shorting SPX using SPXU

    Lots of "cautions" about expecting "exactly 3x" performance for day trading. The cost of leverage plus day-do-day noise in issues excludes "perfect 3x" comparison. The "big picture" is different.
  18. Scataphagos

    America's Left in the Grip of Insanity

    IMV... Odumbo is likely the WORST president in US history. Others will claim that "so-and-so" was inefective/bad/worse. However, I can't recall any president who went out of his way... with virtually every policy and decision he made.. to choose the one which harmed America most. Like he was...
  19. Scataphagos

    Shorting SPX using SPXU

    Well... that's a different issue, isn't it? Stated another way... "What if I don't have the stones to stomach the volatility necessary to make huge gains"? Lotta traders have that problem. Doesn't change the facts.
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