Didn't Dilma Rousseff lose her job for similar reasons not so long ago? Doesn't seem out of norm for Brazil or most of third world. This may be reflex selling.
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Talk about panic selling. Brazil ETF down 13% premarket
- Thread starter luisHK
- Start date
Didn't Dilma Rousseff lose her job for similar reasons not so long ago? Doesn't seem out of norm for Brazil or most of third world. This may be reflex selling.
Sinze 2010, BZQ has lost like 75% of its value, at the same time EWZ has lost 50% of its value, so while the brazilian index has tanked and got cut in half, BZQ (the ultra short ETF) has still lost value, does that make sense to you? These leveraged ETF's just bleed themselves to death overtime. You are literally just handing some bank your money when you buy a leveraged ETF.
Shouldnt BZQ be way up, if EWZ is down by 50% since 2010?
The roll over on leveraged ETF's crushes them, i cant stress it enough NEVER EVER UNDER ANY CIRCUMSTANCE BUY A LEVERAGED ETF UNLESS ITS A DAY TRADE.
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Does this make sense to anyone who wants to go long the leveraged ETF.
EWZ goes from 80 to 35, at the same time the leveraged SHORT brazilian index BZQ goes from 140 to 15, if the leveraged short instrument was a good idea, BZQ should be at like 500 right now.
The only way to lose money Gambling quicker than a casino is by buying leveraged ETF's you are guaranteed to lose, as long as you roll the dice enough times.
Im sorry if what i said sounds blunt or harsh i just hate seeing people get fleeced by these things, they love to call them "Proshares" as if "Pros" would ever buy them.
EWZ goes from 80 to 35, at the same time the leveraged SHORT brazilian index BZQ goes from 140 to 15, if the leveraged short instrument was a good idea, BZQ should be at like 500 right now.
The only way to lose money Gambling quicker than a casino is by buying leveraged ETF's you are guaranteed to lose, as long as you roll the dice enough times.
Im sorry if what i said sounds blunt or harsh i just hate seeing people get fleeced by these things, they love to call them "Proshares" as if "Pros" would ever buy them.
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Brazil is recovering some today.
It could have been bad.
The stock market crash of 1929 was when the Dow Jones Industrial Average dropped 25 percent in the span of four days. It lost $30 billion in market value. That’s the equivalent of $396 billion today. It was more than the total cost of World War I.
It could have been bad.
The stock market crash of 1929 was when the Dow Jones Industrial Average dropped 25 percent in the span of four days. It lost $30 billion in market value. That’s the equivalent of $396 billion today. It was more than the total cost of World War I.
Jesus dude, are those charts what you actually look at to determine whether your taking a trade? That looks like a different fucking language, you are way overcomplicating shit if thats what your looking at on a daily basis.
Also you should upgrade to windows 95 at some point.
Also you should upgrade to windows 95 at some point.
Yes, I use this chart for trading. It has Jesse Livermore pivotal points, Ichimoku Kinko Hyo cloud and Bill Williams Alligators.
LOL, Dude, i just cant see how learning to trade all those indicators can possibly be easier then learning to trade a chart, Ive always found the best traders live by the K.I.S.S. method, the more complex you make trading the harder it is. But to each his own i guess. Funny post though i loled
Yes, look at a 5 year chart of UVXY or TVIX that should tell you all you need to know.
Brazil is looking better, but India is looking worse.
Steps and Slides Daily 6-Months:
Alligator:
Price Envelope (13,0.01)
Price Envelope (21,0.01)
Price Envelope (33,0.01)
Ichimoku Kinko Hyo cloud:
Price Envelope (52,0.01)
Price Envelope (71.5,0.01)
Price Envelope (91,0.01)
Jesse Livermore pivotal points:
Parabolic Time Price (47)
Donchian Channel (20)
Donchian Channel (20)
LBR 3-10 Oscillator used as an Accelerator Oscillator:
Percentage Price Oscillator (3,10,16)
Bill Williams Awesome Oscillator:
Percentage Price Oscillator (5,34,5)
MarketVolume® Awesome Oscillator:
Percentage Price Oscillator (18,36,15)
Steps and Slides Daily 6-Months:
Alligator:
Price Envelope (13,0.01)
Price Envelope (21,0.01)
Price Envelope (33,0.01)
Ichimoku Kinko Hyo cloud:
Price Envelope (52,0.01)
Price Envelope (71.5,0.01)
Price Envelope (91,0.01)
Jesse Livermore pivotal points:
Parabolic Time Price (47)
Donchian Channel (20)
Donchian Channel (20)
LBR 3-10 Oscillator used as an Accelerator Oscillator:
Percentage Price Oscillator (3,10,16)
Bill Williams Awesome Oscillator:
Percentage Price Oscillator (5,34,5)
MarketVolume® Awesome Oscillator:
Percentage Price Oscillator (18,36,15)