FAS - FAZ : 3X ETF Russell 1K Financial Services Shares Bull - Bear

[imsabah]

FAS


FAZ




Please be aware of the risks of holding leveraged ETF's for the long term, watch this video:

http://www.hotstockmarket.com/forums...85#post1900985

[simonyadig]

Nice, I hadn't heard of these.

[luqman]

yeah! hay thanks for these ETF's, lets see what happens...

[veloman]

lol who needs options?

[hermanpu]

damnit i wish they had options on these 3x etf

[VeryLowRoller]

Interesting... They're going to be illiquid for awhile tho, even alot of the 2x ultra proshares are still illiquid.

[imsabah]

looking to put some funds in these mostly for the upside because i believe that inevitably the market will definitely rebound. the russell 2000 is down 200 points from around 700 in 2008 before the markets crashed in september. that means on the upside if we see 100 points in 12 months thats around 20%, a 60% gain in TNA from these levels. thats a lot.

obviously im only putting a portion of my funds in this due to its high risk level (if market moves in opposite direction), but i do feel that in the long term we will begin to move off of these levels so i think its worth some risk to play the upside down here. i may play some downwards movements in the future but i'd like to see what happens for the rest of the year before feeling too comfortable as to where we are moving from here (ie. are we moving sideways? will there be newer lows? are we starting to head upwards? etc.), its just too early to tell.

volatility is quite high right now so playing the swings in the market could prove highly profitable if done correctly. such trading though, would require strict discipline and quick trades in and out on days where there is big movement in the market that has definite direction (a la the past week), and awareness that maximum profits are impossible and trading in smaller ranges is the only way to protect your investment.

three times leverage is a higly useful tool in this volatile market, but just like many highly useful tools, it can prove to be dangerous if handled incorrectly. you could easily lose a lot playing these the wrong way or with emotion. in my opinion though, playing the upside here long term is almost a no brainer, even if we go lower theres no way that we will be trading down here forever, the market will recover when confidence returns bringing all the stagnant cash with it.

[bazooka85]

woooooooooooo!!!

[imsabah]

volume is picking up quick here, bgu traded almost a million shares today, many of the others over a quarter of a million shares. looks like traders are embracing these in this volatile market.

[S01Trader]

These would be a very interesting play for people without Options qualifications.