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  • Looking To Profit From the Market's Plunge [View article]
    Leser,

    I understand your reluctance in using short and ultra short funds, because I was more than a bit hesitant to do so, as well, but after using SDS for just under a year, I'm only sorry my position wasn't larger.

    Despite being overweight financials (by a factor of 3) and overweight financials (by a factor of 2), compared to the S&P, over time, I noticed my portfolio tracked the S&P VERY closely, so after watching and tracking it for about 6 weeks, I initiated a position as a "hedge".

    Being a "double short", SDS is VERY volatile, so I've always used limit orders to buy or sell. Being self-employed, I don't have the luxury of sitting at a computer all day, watching the market. I don't try to make money on the intraday wiggles....watching the intermediate term trends, instead.

    Long story short, my portfolio is only down about 3%, ytd, while still generating a 9.5% yield. Good luck!!!

    jan
    Jul 07 19:17 pm |Rating: +1 0
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