johnny inca

Everybody Hates Leveraged ETFs

i have been short both FAS and FAZ since late April and it returns about 7% a month, although you do need to rebalance from time to time. I will never cover these positions.

Everybody Hates Leveraged ETFs

The 3x ETFs are the greatest thing in the world. I hope they come up with 5x ETFs. It just means that much money for me when I short both sides.

FAS and FAZ are the gifts that just keep on giving!

Direxion's Leveraged ETFs Triple the Risk

kkerr, it is not fire and forget technology but it's still a sure winner if you know what you are doing.

Direxion's Leveraged ETFs Triple the Risk

i am short both of the ETF's. I was trying to do it for months and then in April all of a sudden there was just a mass of availability of shares. Now that the reverse split has gone through you don't seem to be able to short them anymore, but I still have mine from april. The more volatile the trading the more you make on any given day. FAZ tends to decline more over time than FAS, so I try to stay short 40% FAS 60% FAZ. It's the closest thing to a sure winner that I have ever seen in my life.

Direxion's Leveraged ETFs Triple the Risk

I will be very sad if they pull the plug on FAS and FAZ because I have been running about 10% gains monthly by being short both. The reverse split was a huge bonus as it lowered the margin requirements for the position immensly, so thanks Direxion for that.