Daytraders delight...Triple leverage ETFS

Well, if you wanted to risk 2% per position, you could trade 50% of your money if you had a 4% stop (on your trade setup, assuming no leverage). I like John Carter' idea of determining the size of the stop based on your trade setup and THEN adjusting the amount of money you trade so you're only risking a certain amount. (BTW, I ended up using John Carter' book to develop my own trade setups since I examined his and they didn't seem to work that well but I like the parameters anyway).

Anyway, I wanted to know if anyone knows of anything like the QLD or SSO but that would be triple leveraged. Also, what is the leveraged DIA?

If I'm correct, QLD=twiceQQQQ, SSO=twiceSPY but the DIA=twice???
 
Quote from short&naked:

Why would the ETF blow up?
More...

Because they use credit default swaps to get that additional leverage. It's counterparty risk that is the issue. What if the ETF had a CDS with lehman....:eek:
 
Quote from bighog:

The e-mini is NOT leveraged x10

When you place a BUY order as an example at Fridays settlement price of 861.50 and you set a STOP Loss exit @ 860.00 there is ZERO leverage involved. When you trade ES at a certain price and exit at a certain price you are trading price MOVEMENT only. There is ZERO leverage involved.
More...

Well what happens to your account when ES opens at 820.00 on Monday morning....Most likely if you use leverage your account is blown up. So leverage DOES matter.
 
Quote from clambill:

Anyway, I wanted to know if anyone knows of anything like the QLD or SSO but that would be triple leveraged. Also, what is the leveraged DIA?

If I'm correct, QLD=twiceQQQQ, SSO=twiceSPY but the DIA=twice???
More...

http://www.proshares.com/funds
Alittle more than Half way down the page -"Ultra Style"

Triple Lev is news to me thou
 
Quote from clambill:

Anyway, I wanted to know if anyone knows of anything like the QLD or SSO but that would be triple leveraged. Also, what is the leveraged DIA?

If I'm correct, QLD=twiceQQQQ, SSO=twiceSPY but the DIA=twice???
More...

DDM - Ultra Dow 30
DXD - Ultra Short Dow 30
SSO - Ultra S&P 500
SDS - Ultra Short S&P 500

Hope this helps.

Regards,

T
http://actionpointsta.blogspot.com/
 
Thanks. Yeah, I just found a list. These are a cool idea.

http://etf.stock-encyclopedia.com/category/leveraged-etfs.html

I"m amazed PBW (the clean energy ETF) is down so far.

EDIT: Too bad I can't find a global hedge fund ETF. I know hedge funds are limited to 99 investors but I saw a chart (in the book Inside the House of Money) where they show the difference between the S&P 500 and a global hedge fund index and the difference is amazing.
 
Welcome to the latest chips in our casino!
I normally trade
SSO (Double Long instead of SPY)
UWM (Double Long instead of IWM)
DIG/DUG ( Leveraged Long /Short based on $OSx/$OIX)
QLD (Double long QQQQ)
last Friday I tradesd successfully
BGU (Triple leveraged Long big cap)
ERX (triple leveraged Energy Long (better than even DIG!) )
TNA ( Triple leveraged Russel 2000- better than even UWM!)
The trick is to play small - ladder in and ladder out!
 
Quote from krishiyer:

Welcome to the latest chips in our casino!
I normally trade
SSO (Double Long instead of SPY)
UWM (Double Long instead of IWM)
DIG/DUG ( Leveraged Long /Short based on $OSx/$OIX)
QLD (Double long QQQQ)
last Friday I tradesd successfully
BGU (Triple leveraged Long big cap)
ERX (triple leveraged Energy Long (better than even DIG!) )
TNA ( Triple leveraged Russel 2000- better than even UWM!)
The trick is to play small - ladder in and ladder out!
More...

Those last 3 are brand spanking new?

What's the spread on 'em? I ask cuz I think I'd wait a few months to bother with them, to build some volume.

Personally I only trade UYG right now - 2x financials. Never more than a .01 spread, huge volume, and price doesn't "jack" up and down every split second. rather price moves smoothly up or down, very easy to read.
 
You must log in or register to reply here.
Back
Top