Comments on: The new 3x ETF’s–triple your pleasure — or pain http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/ A stock trading blog by Dr. Wish Sat, 11 Feb 2012 22:28:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nilesh http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-1835 Nilesh Wed, 30 Jun 2010 02:03:27 +0000 http://wishingwealthblog.com/?p=1056#comment-1835 One can use the 3X ETF's for quick trades. I find them useful as a trading tool. I use 60Min chart and use and ema cross system. Generally 13/34 or 9/39 or 10/20/50 depending on the sector. I also use Standard deviation of the higher EMA's to catch the extreme point. I put no more than 25% of my capital in one single trade and that capital is split in to 2 to 4 slices. I always try to cut the losers quickly generally 5 to 7%. I always exit half position after 10% gain and ride the rest with 5 to 7% stop loss. One can use the 3X ETF’s for quick trades. I find them useful as a trading tool. I use 60Min chart and use and ema cross system. Generally 13/34 or 9/39 or 10/20/50 depending on the sector. I also use Standard deviation of the higher EMA’s to catch the extreme point. I put no more than 25% of my capital in one single trade and that capital is split in to 2 to 4 slices. I always try to cut the losers quickly generally 5 to 7%. I always exit half position after 10% gain and ride the rest with 5 to 7% stop loss.

]]> By: Rob Melbye http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-1576 Rob Melbye Sat, 22 May 2010 19:22:34 +0000 http://wishingwealthblog.com/?p=1056#comment-1576 Any opinions on inverse or leveraged inverse funds when market is in down trend Any opinions on inverse or leveraged inverse funds when market is in down trend

]]> By: Rob Melbye http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-1575 Rob Melbye Sat, 22 May 2010 19:22:07 +0000 http://wishingwealthblog.com/?p=1056#comment-1575 Any opinions on inverse or leveraged inverse funds when marketing is in down trend Any opinions on inverse or leveraged inverse funds when marketing is in down trend

]]> By: Joseph http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-414 Joseph Wed, 11 Feb 2009 02:25:11 +0000 http://wishingwealthblog.com/?p=1056#comment-414 You bought it because EPS and fundamentals are good... it went down. No problem. Hold it long enough and it will go back up again. Patience makes money. You bought it because EPS and fundamentals are good… it went down. No problem. Hold it long enough and it will go back up again. Patience makes money.

]]> By: Albert http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-413 Albert Tue, 10 Feb 2009 18:39:14 +0000 http://wishingwealthblog.com/?p=1056#comment-413 Big Day today, I was bearish and was long SDS (2x inverse sp500), since friday @72.66, sold today at 79.3. im afraid of the volitility the next few days. Beaware, it wont be pretty =X Big Day today, I was bearish and was long SDS (2x inverse sp500), since friday @72.66, sold today at 79.3. im afraid of the volitility the next few days. Beaware, it wont be pretty =X

]]> By: dave, ex-Terp http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-412 dave, ex-Terp Tue, 10 Feb 2009 15:39:13 +0000 http://wishingwealthblog.com/?p=1056#comment-412 Jim, Thanks, but that still doesn't explain why DUG, an UltraShort ETF, has dropped from 86.50 to the low 20's when most of the Dow Oil and Gas index is far off of its highs. Jim,

Thanks, but that still doesn’t explain why DUG, an UltraShort ETF, has dropped from 86.50 to the low 20′s when most of the Dow Oil and Gas index is far off of its highs.

]]> By: Jim tamarelli http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-409 Jim tamarelli Mon, 09 Feb 2009 11:58:30 +0000 http://wishingwealthblog.com/?p=1056#comment-409 I'll explain USO vs DUG. USO tracks the price of crude oil at the Cushing, Ok distribution hub. DUG tracks the Dow Oil and Gas index so it is comprised of stocks of oil and gas companies. If someone wished to track 2X the USO, DTO would be a much better choice as DUG does not have to move with the price of crude oil. I’ll explain USO vs DUG. USO tracks the price of crude oil at the Cushing, Ok distribution hub. DUG tracks the Dow Oil and Gas index so it is comprised of stocks of oil and gas companies. If someone wished to track 2X the USO, DTO would be a much better choice as DUG does not have to move with the price of crude oil.

]]> By: Tracy http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-408 Tracy Mon, 09 Feb 2009 03:56:58 +0000 http://wishingwealthblog.com/?p=1056#comment-408 Thank you for your wonderful blog, Dr. Wish. I am hoping you can expand on any "formula" you have built for slowly building a position in QLD in the current market (GMI / GMI-R at 2 / 5, vs. 1 / 4 the previous two days); or similarly, building a position in QID in a down market. Thanks again. Thank you for your wonderful blog, Dr. Wish. I am hoping you can expand on any “formula” you have built for slowly building a position in QLD in the current market (GMI / GMI-R at 2 / 5, vs. 1 / 4 the previous two days); or similarly, building a position in QID in a down market. Thanks again.

]]> By: dave, ex-Terp http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-407 dave, ex-Terp Mon, 09 Feb 2009 01:44:48 +0000 http://wishingwealthblog.com/?p=1056#comment-407 Glad to see the two knowledgeable skeptics above who looked beyond the superficial conventional wisdom. Eric, how do you explain DUG vs USO ?? Glad to see the two knowledgeable skeptics above who looked beyond the superficial conventional wisdom. Eric, how do you explain DUG vs USO ??

]]> By: dave http://wishingwealthblog.com/2009/02/the-new-3x-etfs-triple-your-pleasure-or-pain/comment-page-1/#comment-406 dave Mon, 09 Feb 2009 00:29:48 +0000 http://wishingwealthblog.com/?p=1056#comment-406 Compare FAS and FAZ. They are not inverses of each other. You would have lost your ass either way. These are only good for very short term trades. Compare FAS and FAZ. They are not inverses of each other. You would have lost your ass either way. These are only good for very short term trades.

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