polishlogician

Global Earnings Downturn Only 25% Done - Citi

I agree, though you might be better advised to stay in the ETF's for about a week or so (just looking at past trends, decide for yourself, i.e., don't necessarily day trade at this point, unless you love to do that with options) but don't stay in them "too long" as a straight buy, as there are many explanations on this site of the 'eroding' profits of ETF's that get compounded with NAV's computed daily. Now, what's the exact entry and exit points to take advantage of volatile market, well if I knew that I'd pry never tell, and if I did tell, I wouldn't even believe myself, but overall, I agree with your comments, it's a smart play. And I've done very well so far with 3x bear and bulls.

On Jan 09 01:00 AM Fitz919 wrote:

> When Citigroup talks...consider the source, and their agenda.

>
>
> If you want to make real money and have time for very focused day-trading,
> check out the new Triple Leveraged ETFs. Here are some statistics
> from some research I did yesterday. Each of these covers 18 days
> worth of data from Dec 10 through Jan 6. This is the average swing
> between the low price and high price for each of those 18 days.

>
>
> FAZ Financial Bear 3X 14.37%
> FAS Financial Bull 3X 14.11%
>
> TZA Small Cap Bear 3X 13.31%
> TNA Small Cap Bull 3X 12.52%
>
> They are all trading a few million shares each day. If you were
> to catch just a 5% gain each day, you will double your money each
> month. If you have a margin account you can use the margin to more
> than cover the cost of Capital Gains taxes or even the 35% top tax
> bracket if you are a mark to market day trader.
>
> It doesn't matter if the market goes up or down, you always have
> a bull, or a bear going up, you just have to stay very focussed.
> When it rises, let it run until you grab your gain. If it goes into
> reverse, you sell at market price instantly.
>
> These are fast movers, so you can't leave your screen once you buy
> one. But the market rarely runs in one direction more than 3 hours.
> Take your restroom or food breaks only after you have sold your position.

>
>
> Mark to market people can deduct their losses from the gains, everyone
> else will have to throw their losses away because of the wash sale
> rule.