Vote here if you think this is the beginning of a bear market of 2018?

Vote here if you think this is the beginning of a bear market of 2018?

  • Yes

    Votes: 31 41.3%

  • No

    Votes: 30 40.0%

  • Not sure

    Votes: 14 18.7%
  • Total voters
    75
vanzandt said:
I was gonna warn you to close that TVIX... I got busy trading something else and forgot.
It just fell off a cliff. Knew it would. Hope you didn't lose too much.
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Hit my stop lost. Very small lost. But my other bear 3x etf has been doing great since last week: soxs, labd, and tza. May take some profit later this week.
 
vincentnyc said:
Hit my stop lost. Very small lost. But my other bear 3x etf has been doing great since last week: soxs, labd, and tza. May take some profit later this week.
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Yeah Vinny, you might want to take a bit off the table. For now. Chips came in strong tonight. As did FB (which was to be expected).
You're right long term on the bear... but those triple bear ETF's can f you over near term. Be careful.
 
vanzandt said:
Yeah Vinny, you might want to take a bit off the table. For now. Chips came in strong tonight. As did FB (which was to be expected).
You're right long term on the bear... but those triple bear ETF's can f you over near term. Be careful.
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Thanks. I found the 1x etf too boring for me. These 3x are short term for me. A few days of hold to a week at most.
 
vincentnyc said:
So tempted to play with fngu.
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This? :
"BMO REX MicroSectors FANG+ Index 3x Leveraged ETN is an exchange-traded note incorporated in the USA. The ETN tracks the NYSE FANG+ Index on a daily compounded 3x leveraged basis. The Index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks"

Be careful man... dont get crazy. These things are dangerous. No options underneath. Bad juju.
 
Regardless of what this thing does day to day, it trades like a bear market. You don't get these types of massive up spikes and downdrafts in succession in a bull market. Of course, it could still be in the transitional phase like 2007 and make some stealth move straight back up.
 
KevinD said:
Regardless of what this thing does day to day, it trades like a bear market. You don't get these types of massive up spikes and downdrafts in succession in a bull market. Of course, it could still be in the transitional phase like 2007 and make some stealth move straight back up.
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Yeah that’s what I’m thinking. Wall st. like to lay some bull trap and then bam, rug pull.
 
btw, vincent. Take a look at NQ hourly chart on 3/23-3/27 upswing, 4/4-4/5 upswing, then yesterday to today. All of them near identical.
 
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