Thanks for the reply. I avoid holding double or triple
ETFs overnight after I was burned on FAZ and SDS. Seems like
there are some here who don't mind holding for several days.
Posted by marketguy on 7th of Jun 2009 at 08:31 pm
several days (or even a weeks) is not an issue from what I've
experienced...you just have to make sure you are buying at nearby
support/resistance levels, that you are on the right side of the
current trend and ALWAYS have a stop in place (even if just a
mental stop)...decay is an excuse for not being disciplined to
one's sell discipline (ie no stop in place)....when these suckers
start trending they can move in a hurry so just holding
intraday will leave a ton on the table (which unfortunately
I've done).
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Holding leveraged ETFs, ETNs etc.
Looks likes a gap and crap day for the market ...
Posted by hornsant on 5th of Jun 2009 at 10:21 am
Holding leveraged ETFs, ETNs etc. is a bad idea. Internal decay is a killer.
Title: holding 2X ETFs Thanks for
Posted by dallassteve on 5th of Jun 2009 at 10:31 am
Thanks for the reply. I avoid holding double or triple ETFs overnight after I was burned on FAZ and SDS. Seems like there are some here who don't mind holding for several days.
several days (or even a
Posted by marketguy on 7th of Jun 2009 at 08:31 pm
several days (or even a weeks) is not an issue from what I've experienced...you just have to make sure you are buying at nearby support/resistance levels, that you are on the right side of the current trend and ALWAYS have a stop in place (even if just a mental stop)...decay is an excuse for not being disciplined to one's sell discipline (ie no stop in place)....when these suckers start trending they can move in a hurry so just holding intraday will leave a ton on the table (which unfortunately I've done).