shillllihs
6,095 posts
msg #134193
- Ignore shillllihs |
2/10/2017 9:35:17 AM
I'm not greedy.
Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)
14.21+0.62 (+4.56%)
As of 9:31AM EST.
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T_Charp13
35 posts
msg #134197
- Ignore T_Charp13 |
2/10/2017 10:46:44 AM
Wouldn't it be safer to go long JNUG instead of shorting JDST?
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shillllihs
6,095 posts
msg #134198
- Ignore shillllihs |
2/10/2017 11:12:27 AM
I was long Jdst and made off great.
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Kevin_in_GA
4,599 posts
msg #134199
- Ignore Kevin_in_GA |
2/10/2017 11:22:08 AM
My mirror image of your trade (short NUGT) worked out nicely as well. Now is the time to look at possible short on DUST.
As to the question regarding risk of shorting versus going long the inverse, one should remember that triply-leveraged ETFS like DUST/NUGT or JNUG/JDST suffer from daily resets that drag down performance on both ETFs. Thus, shorting is preferred since you are swimming with the current rather than against it.
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shillllihs
6,095 posts
msg #134200
- Ignore shillllihs |
2/10/2017 11:55:59 AM
What are you basing your dust short on?
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T_Charp13
35 posts
msg #134201
- Ignore T_Charp13 |
2/10/2017 12:03:45 PM
Same thing with other 3x leveraged ETFs like LABU and LABD?
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shillllihs
6,095 posts
msg #134202
- Ignore shillllihs |
2/10/2017 12:09:34 PM
I'm down 20 bucks on the small Xiv short. Reason why I put it on is I figure if it dives, it will be quick and I can make 400 bucks low risk.
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Kevin_in_GA
4,599 posts
msg #134209
- Ignore Kevin_in_GA
modified |
2/10/2017 2:10:17 PM
What are you basing your dust short on?
I have a 3x short system for both DUST and NUGT. Got a new short signal for DUST last night. If you look at the price action since the open, it played out beautifully, but I was too greedy and tried to get in at $27.50. No fill.
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Kevin_in_GA
4,599 posts
msg #134210
- Ignore Kevin_in_GA |
2/10/2017 2:20:54 PM
The current VIX contango level is 14% right now, with the roll yield at 8.76% with only 5 days until options expiration. the VXV contango level is at 10%, so the short term contango is higher than the medium term contango. Unless something dramatic happens to affect the markets, to short XIV now is not a smart call statistically.
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shillllihs
6,095 posts
msg #134211
- Ignore shillllihs |
2/10/2017 2:38:57 PM
Ok I took the trade off, down 50 bucks.
I'm liking the intraday short skim more and more lately for some small change.
Anyone willing to share some solid filters without high risk?
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