Which bear ETF do you refer to? An equity index inverse ETF?
Self-checking-stock-picking-skills (II)
- Thread starter themickey
- Start date
Thank you. That ETF has rather low daily trading volume. The daily price bars jump around, during the last six months. I guess you entered your position for a longer time frame? Your intention is to hold it for a long time?
Yes, will run the trend up on BEAR.
SPI atm is dropping like a rock.
Nasdaq futures down 1% atm
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Day 11 and 1 more day to go.
Gold index XGD down 0.6% and XAO market index down 0.2% today.
The portfolio still managed to gain today 0.08%.
Metals X which for the first 6 days could not get ahead, is now up nearly 20%.
If gold could just pull out of the doldrums.....which it will but perhaps too late.
ORE by the way is 8th most heavily shorted stock on the ASX market, shorted 12.75% with 15 days to cover.
In real life, still holding BEAR ETF, sitting with no gain or loss, am still anticipating markets to be rolling over very shortly, ie we have peaked for the meantime imo.
Gold index XGD down 0.6% and XAO market index down 0.2% today.
The portfolio still managed to gain today 0.08%.
Metals X which for the first 6 days could not get ahead, is now up nearly 20%.
If gold could just pull out of the doldrums.....which it will but perhaps too late.
ORE by the way is 8th most heavily shorted stock on the ASX market, shorted 12.75% with 15 days to cover.
In real life, still holding BEAR ETF, sitting with no gain or loss, am still anticipating markets to be rolling over very shortly, ie we have peaked for the meantime imo.
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Day 12 and final day of exercise.
We had some respite from gold today, XGD (ASX gold index) up 1.6% while XAO market up 0.1%.
I was hoping for a better result from that of Exercise 1 on conclussion, however gold which I thought would shine didn't.
In this exercise, 50% of gold stocks did not make money in the 12 days.
As mentioned on another occasion, Gold is a difficult sector to trade, very fickle and full of surprises, often to the downside.
Nevertheless, we managed finally to beat the market return but not as much as hoped.
We had some respite from gold today, XGD (ASX gold index) up 1.6% while XAO market up 0.1%.
I was hoping for a better result from that of Exercise 1 on conclussion, however gold which I thought would shine didn't.
In this exercise, 50% of gold stocks did not make money in the 12 days.
As mentioned on another occasion, Gold is a difficult sector to trade, very fickle and full of surprises, often to the downside.
Nevertheless, we managed finally to beat the market return but not as much as hoped.