LABU degrades horribly, and biotech in particular has had a bad
couple of years.
for fun I testet 130 min time frame of LABU - obviously a
bit more draw down on the KIS than most other stocks and ETF's, but
man look at buy and hold, 80%, 90% draw downs with the average draw
down of 77%. The KISS somehow manages to have some kick ass years:
total gain non compounded is 647% since mid 2016, and for buy and
hold it's -13.5%
yeah exactly, and especially on this one. LABU really degrades,
whereas UPRO is much more stable, and LABU average draw down of
-77% per year, and one -90% year
LABU KISS stats
Posted by matt on 29th of Nov 2023 at 03:54 pm
LABU degrades horribly, and biotech in particular has had a bad couple of years.
for fun I testet 130 min time frame of LABU - obviously a bit more draw down on the KIS than most other stocks and ETF's, but man look at buy and hold, 80%, 90% draw downs with the average draw down of 77%. The KISS somehow manages to have some kick ass years: total gain non compounded is 647% since mid 2016, and for buy and hold it's -13.5%
12% avg drawdown on a
Posted by skwan1940 on 29th of Nov 2023 at 04:23 pm
12% avg drawdown on a 3x ETF is not much!
yeah exactly, and especially on
Posted by matt on 29th of Nov 2023 at 04:35 pm
yeah exactly, and especially on this one. LABU really degrades, whereas UPRO is much more stable, and LABU average draw down of -77% per year, and one -90% year
So holders want to know
Posted by mastermind on 29th of Nov 2023 at 03:56 pm
So holders want to know - is it on a buy right now?
it is long, current STS
Posted by matt on 29th of Nov 2023 at 03:57 pm
it is long, current STS is 3.1, still very wide
Thanks. I would appreciate updates
Posted by mastermind on 29th of Nov 2023 at 04:49 pm
Thanks. I would appreciate updates on it if possible.