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Anyone LONG the DUG Here?
- Thread starter Landis82
- Start date
s2007 you better understand how dug and the rest of the 2x pro
funds work. for instance on qid if the naz went sideways the whole year qid would lose a min of 30-40% in slippage.go look at the nasdaq back in jan when it was here and the price of qid. its 10% plus less now than when the naz was the same price in jan. THESE 2X ETF'S HAVE MASSIVE SLIPPAGE AS THEY USE OPTIONS AND FUTURES TO GET THE KICK.
funds work. for instance on qid if the naz went sideways the whole year qid would lose a min of 30-40% in slippage.go look at the nasdaq back in jan when it was here and the price of qid. its 10% plus less now than when the naz was the same price in jan. THESE 2X ETF'S HAVE MASSIVE SLIPPAGE AS THEY USE OPTIONS AND FUTURES TO GET THE KICK.
Tim Knight is and has been.
Quote from monstercat:
s2007 you better understand how dug and the rest of the 2x pro
funds work. for instance on qid if the naz went sideways the whole year qid would lose a min of 30-40% in slippage.go look at the nasdaq back in jan when it was here and the price of qid. its 10% plus less now than when the naz was the same price in jan. THESE 2X ETF'S HAVE MASSIVE SLIPPAGE AS THEY USE OPTIONS AND FUTURES TO GET THE KICK.
He has absolutely ZERO clue about what he is doing.
He clearly lacks even the most BASIC UNDERSTANDING of the vehicles that he allegedly "trades" with.
His understanding of the "DUG" is right up there with the DCR which is currently trading at $1.10 and down from over $3.00 where he says that he bought it, not knowing that this was a "paired" asset-based ETF which triggered its termination clause when West Texas Intermediate spent spent 3 consecutive days trading > $111 back on April 16th - - - and will cease trading on June 25th.
His input here on ET is purely:
WORTHLESS
Quote from robbie380:
how much of your account is short oil now?
He keeps saying that ONLY 10% of his account has a short bias in oil.
But let the record show that he started posting back on April 2nd about how he bought a 1/2 POSITION in the DUG all the way up at $37.00
http://www.elitetrader.com/vb/showthread.php?s=&threadid=123616&perpage=6&pagenumber=2
Now trading $26.12
That's a 30% loss for those of you keeping score.
P.S. He admittedly does not use "stops"