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/biz/ - Business & Finance


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908690 No.908690 [Reply] [Original]

Just put a quarter of my entire savings into CHK and a 3x bull etf at the end of the day
Tomorrow may be the end of me

>> No.908699

dat's pretty dumb. 3x is for very short term trading or hedging. chk? why not an energy etf like xle? it's safer, and guaranteed to go up long term.

>> No.908702

>>908690
Why not trade options if you want to play the lottery

>> No.908713

>>908699
All short term
I literally plan on selling it tomorrow, up or down

Sick and tired of these missed opportunities, watching my money slowly drain in this land of bears

Will report back if I'm going to put my head through a noose tomorrow or not

>> No.908728

>>908713
Did gon b good

>> No.908732
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908732

>>908699
actually that's false claim.

3x bull has overperformed 1x s&p 500 by large margin last 60 years.

in general, depends on the index. volatility drag is mosly a bad myth when indexed. if there was a vola drag then 100% etfs would die too long term. but we all know, that's not the case at all.

>> No.908753

>>908732

etf has not even existed for 60 years

>> No.908763
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908763

>>908753
it is very easy to simulate the return of 3x daily bull. even when fees are added. btw, the leverage drag also works the other way around when the market it bullish. in general, 2x bull gives you 1.4 return, not 2x.

>http://www.google.com/finance?cid=6425901

>> No.908773
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908773

the slight problem with 3x daily or more bulls are the damage.

if the market drops over 33% in a day, boom headshot. it's gone. but that has never happened in 100 years so. retirement funds definitely do not want to risk that.

>> No.908782

>>908732
no
can you guess what happens to your leveraged etf if the market drops 33%? :=)

>> No.908792
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908792

>>908782
read above..pff.

>> No.908801

>>908763

know that etf is a new financial invention, its long term reliability is not proven. Just because you can simulate 3x daily bull, doesn't mean these etf will reliably replicate 3x return over the long run

>> No.908820
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908820

>>908801
yes, i fully agree. my point is the claim "leveraged indexes (stock index) are only very short term holdings" is somewhat flawed.

it holds true for leveraged gold and oil, but not so much for large stock indexes like s&p 500.

>> No.908823

>>908792
who is this slut

>> No.908828

>>908763
They do stock splits to hide the fact that they decay overtime

>> No.908834
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908834

>>908823
it's me, bruce lee

>> No.908842

>>908834
I think I'm in love.

>> No.908947

>>908713
trading is impossible. and you're doing it exactly wrong. go with the flow do not pick bottoms and hope for a rally.

>> No.908981

>>908947
I was born to catch falling knives, baby. It's in my blood
(If you couldn't tell my portfolio has been operating at a loss for the past year)
(But i can't stop hoping for a good one before I stop trying)

>> No.909812

I'm still in
CHK needs to go up
I just bought more shares @ 6.75
CMON CHESAPEAKE

>> No.909820
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909820

>>909812

>> No.910886

OP here
I am euphoric
IT CAN ONLY GO HIGHER BABY
CHK ALL DAY
3 MONTHS OF LOSSES ABOUT TO BE ERASED

>> No.910921

>>910886
You fags need to learn to quit while you're ahead

>> No.911643

>>910921
fuck NO MAN
WE MADE IT BOYS
GAINS FOR DAYS
THANKS CHK
ITS TIME TO CONTINUE THE RALLY TOMORROW BABY