Kevin_in_GA
4,599 posts
msg #134179
- Ignore Kevin_in_GA |
2/9/2017 3:42:51 PM
Trade XIV as you see fit. I'll continue to use contango levels as my signals.
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shillllihs
6,049 posts
msg #134191
- Ignore shillllihs |
2/10/2017 9:26:17 AM
Shorted a tiny little bit of Xiv at 64.20. 33 Sh. Will just keep it on till it tanks.
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shillllihs
6,049 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
6,049 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
6,049 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
6,049 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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