Its relative. I did the same GOOG search back in the middle of Q1 2009 as I had loaded thousands and thousands of shares of FAS around a cost average at the $3.25 mark. I ended up getting spooked out of the position. Obviously the trend of the underlying RIFIN did the unthinkable, but that thing has been up nearly non-stop for 9 months now. And I will not recover.
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Is there a 3X ETF for the Dow or S&P500?
- Thread starter Smart Money
- Start date
Its relative. I did the same GOOG search back in the middle of Q1 2009 as I had loaded thousands and thousands of shares of FAS around a cost average at the $3.25 mark. I ended up getting spooked out of the position. Obviously the trend of the underlying RIFIN did the unthinkable, but that thing has been up nearly non-stop for 9 months now. And I will not recover.
Quote from TraderZones:
unless day trading, these are a major mistake. Do a google search on what happens with these when held for any length of time.
Naaah, they're good for swing trading too.
For example, check out FAS vs UYG vs XLF.
Since Jan 1 to yesterday's high:
FAS - +15%
UYG- + 10%
XLF - + 5%