Posted by frtaylor on 15th of Mar 2011 at 03:19 pm
Actually I have to use DUST in my IRA since I can't short. I buy
exactly 1/2 the dollar amount I would have sold short of GDX. And
yes, 16% stop loss. But the position is half the size and so far
I've been able to handle it. The other alternative I've tried is
buying puts, but didn't like that due to degradation. (Though there
is degradation w/ any 2x etf as well.)
Actually I have to use
Question?
Posted by frtaylor on 15th of Mar 2011 at 03:19 pm
Actually I have to use DUST in my IRA since I can't short. I buy exactly 1/2 the dollar amount I would have sold short of GDX. And yes, 16% stop loss. But the position is half the size and so far I've been able to handle it. The other alternative I've tried is buying puts, but didn't like that due to degradation. (Though there is degradation w/ any 2x etf as well.)
nice response frtaylor, thanks for
Posted by matt on 15th of Mar 2011 at 03:20 pm
nice response frtaylor, thanks for the post to help out. Yes that's one way just cut the position in 1/2 to have the same risk
As long as we're on
Posted by frtaylor on 15th of Mar 2011 at 03:28 pm
As long as we're on the subject, I expect we'll have a GDX short email notification here momentarily, right?