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That's simple. Take a 1/3 position in SPXU vs the value of your 401k. If successful (market decline), your hedge will likely make more than the losses in the 401k. Vice versa if the market keeps going up while your hedge is on.

That's what "they" tell you... but check this out Completely refutes the notion that "leveraged ETFs/Mutual Funds are never for long term trading/investing". IOW... while leverage is a killer when it goes against you, it's GREAT when in your favor!

On a "day-to-day" trading basis, sure. But none of that is a worry if you make a big position play and get it right. The "intracacies" and "costs" of a leveraged fund will reduce the net leverage effect, of course. But the overall trend play will be a big success if caught.

Hard to calculate, but the gain could be huge. SPXU, split adjusted(?) was 1685 in 2009. Could go back there again, or higher.

Naw... I just run my mouth. (Political thread mostly... how I hate Obama, Hellary, Pelosi, Schumer, Waters, Cummins, Guiterrez and others... DemoCrap party... all the people doing their best to harm America.... big government.. that sort of thing.)

Correctamundo! All big upside moves include many "resistance line breaks".

I'd guess most often that they are anticipating a breakout to the upside and want to get on it "early".... not the percentage play.

"...Intel executive vice president Neil Shenoy said on Monday that the chip-maker has identified the source of some of the recent problems, so it is now recommended that users skip the available patches. From the blog post: We recommend that OEMs, cloud service providers, system manufacturers...

Report: QAnon describes plan to destroy America, reshape world The Obama/Hillary 16-year coup d’état plan QAnon makes clear Obama, Clintons, DNC, and the U.S. intelligence community planned their coup d’état boldly, confident Hillary Clinton would be elected president, never imagining Donald...

I don't believe that either. This thread is like arguing religion. I'm out.

"You fail because that's what you want"? That doesn't sound like crapola to you?

This is a big deal. If in hindsight you see you should have made a certain decision... it's not "that you got it wrong"... but more that "what would have been correct and why"?...you can apply that understanding the next and subsequent times you see it. The "why" is crucial...

Could be Trump (1) drank a beer behind the shed when he was a kid, (2) grabbed a woman by the pussy, (3) said "shithole" in public, (4) cheats on his wife. Lots of people would find that offensive to one degree or another. (I do a bit myself... but not "critically offensive" for a president.)...

Good on you, man!

That's right up there with her infamous, "You have to pass it [ACA] so you can find out what's in it"....

Anybody can become a successful trader at any age. As to the notion of daytrader.. that depends upon exactly what you mean. Used to be that meant "scalper"..... wouldn't recommend that... too manic plus other concerns. But "day-swing" trading is viable. That is, look for where you can "risk...

Is that the same as Venezuelans "got the collapsed economy, starvation and inflation they wanted" because they elected Maduro? Sounds to me like Seykota's full of crap.

No.

Dreamers celebrate shutdown, saying they were finally being taken seriously “We know that the public is on our side,” Cata Santiago, a Dreamer, said in a statement. “We are calling for the immigrant community and our allies to take to the streets immediately to demand that Congress pass...

Hmmmm... trying to imagine how that might be a good thing. Perhaps you can play that and let us all know how it works out...