How can I bet on Yuan against dollar?

S

Saltynuts

Let's face it, China has won, and will continue winning. But I'm guessing there is not a Yuan/Dollar trading pair? Any alternative way to bet on the Yuan easily?

Thanks!
 
gyna devalues their currency to pull in US manufacturing so not a good pairing. S. korea, Euro, yen, they handled 'rona a bit better than us.

Prolly better off just buying dragon ETF
 
Saltynuts said:
YINN is 3x chinese bull equity more/less, correct Ken? That high decay rate of those leveraged products don't bother you? I remember looking into it awhile back and it scared me off.

And why are you waiting for it to bounce, when that means you'll pay more per share? Buy low, sell high I always say. Well, other than with respect to GME. :)
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Right, good point re early, I buy 2day high breakouts like SCO today... I'm in and out of swingtrades in a few days so decay on leveraged ETFs not a worry, I learned that the hard way... best wishes re GME short I'm rooting for you; wish I'd shorted TSLA 794 covered 550 but I don't short :p
 
Saltynuts said:
YINN is 3x chinese bull equity more/less, correct Ken? That high decay rate of those leveraged products don't bother you? I remember looking into it awhile back and it scared me off.

And why are you waiting for it to bounce, when that means you'll pay more per share? Buy low, sell high I always say. Well, other than with respect to GME. :)
More...
So they don't "decay". They just track 3X the daily return of the underlying. Which means they don't track the 3X the underlying over time. It's very path dependent. In some cases it will actually return more than 3X over time, others less. But the vast majority of what you would think of as decay is actually just an artifact of exactly what it is tracking.
 
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