Gotta love ZERO RISK in the SP500 = $$$

noddyboy said:
Yeah, but he bought at the bottom. Credit where credit is due. The biggest rallies come during bear markets.
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He entered into the YINN position on Monday. Might have added "at the bottom", but overnight risk is real on these, who knows from day to day what happens in an inefficient market like in China. My understanding of triple etfs is they are not designed for holding; I'm not sure at what point these various etfs get rebalanced and how material the "churning" aspect is on each one.

It's more a curiosity to me to see how efficiently these triple etfs capture the underlying movement.
 
Nine_Ender said:
He entered into the YINN position on Monday. Might have added "at the bottom", but overnight risk is real on these, who knows from day to day what happens in an inefficient market like in China. My understanding of triple etfs is they are not designed for holding; I'm not sure at what point these various etfs get rebalanced and how material the "churning" aspect is on each one.

It's more a curiosity to me to see how efficiently these triple etfs capture the underlying movement.
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I did the same trade and am up nicely, but I got out yesterday. It is up again today.
 
I think they will hold it up all day. Then we get a solution to the Greek drama this weekend, Sunday at 5pm cst index futures will gap up at the open. The past two Sunday opening have been gaps to the down side. So my advise is to stay long, add if it dips 1/2 percent or more.
 
Pretty predictable sell off from the opening highs again today, people want to sell before the weekend after back to back 30 point gap downs, unfortunately im a huge pussy and i dumped at 2064 right before the market puked for 5 points.

Wouldnt be all that surprised if we closed green today though just to screw all the shorts who chased it after the last 2 gap up sell offs. Price action just seemed fishy to me.

Made a quick thousand bucks, but probably left 3 on the table, lol.

I need a fucking drink after this week, these 1% gaps every day are stressfull as fuck for systems traders, whose with me? :D
 
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i960 said:
Trading China through ETFs is like trading with a 1 day delayed feed.
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There were so many chinese names i wanted to short, but the way they trade its either a gap down or a gap up, then flatline, pretty tough to trade like that. Look at shit like YZC, chinese coal company, you really wanna get involved in 10% gaps every day in either direction?

Plus the chinese government just seemed to create an ingenious solution to a down market, just ban selling, lol.
 
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