anyone loading up on Inverse ETFs here?
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Inverse ETFs
- Thread starter TheCaymanIsland
- Start date
Quote from S2007S:
YES YES YES YES YES.
YOU BUY INVERSE ETFS ON DAYS LIKE TODAY AND SELL THEM WHEN THE MARKET is down 300 points.
Im loading up with every inverse ETF I can buy...
I have been buying
DXD
FXP
DUG
FAZ
TZA
Friday if the market races higher again I buy more.
BGZ, that's all you need my friend. 3X the inverse
Quote from S2007S:
YES YES YES YES YES.
YOU BUY INVERSE ETFS ON DAYS LIKE TODAY AND SELL THEM WHEN THE MARKET is down 300 points.
Im loading up with every inverse ETF I can buy...
I have been buying
DXD
FXP
DUG
FAZ
TZA
Friday if the market races higher again I buy more.
- - - And yet you have been claiming that you have been buying these ETF's since last Thursday and Friday . . . and getting absolutely KILLED.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=145974&perpage=6&pagenumber=1
For example, last Friday the DXD traded $100. Today it traded as low as $72.68
FXP was trading over $96 last Friday and traded as low as $49.00 today.
DUG was trading over $50 last Thursday and closed today at 29.50
Hard to believe that anyone would purchase these vehicles ( without any stop-losses ) and hold onto them even though they just collapsed 30 - 45% in just a few days . . .
Please post a SCREENSHOT to confirm your positions.
Thank You.
Quote from Landis82:
- - - And yet you have been claiming that you have been buying these ETF's since last Thursday and Friday . . . and getting absolutely KILLED.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=145974&perpage=6&pagenumber=1
For example, last Friday the DXD traded $100. Today it traded as low as $72.68
FXP was trading over $96 last Friday and traded as low as $49.00 today.
DUG was trading over $50 last Thursday and closed today at 29.50
Hard to believe that anyone would purchase these vehicles ( without any stop-losses ) and hold onto them even though they just collapsed 30 - 45% in just a few days . . .
Please post a SCREENSHOT to confirm your positions.
Thank You.
Maybe he's only trading 10 shares @ a time?? hahaha
Quote from makloda:
Averaging down again? Oh boy...
Not today, waiting for the s&p to push higher above 950+.....
However
Yesterday I added into FAZ avg is approx $54.50 and DUG which my average is now $34.65.
This is just another bear market rally that pushed the DOW up 1000+ points in a week....there was no volume and in my opinion little participation within the financials....