Jimmy Hoffa Posted September 24, 2021 Report Share Posted September 24, 2021 2 minutes ago, milwaukee mike said: i absolutely HATE those triple leveraged things, they all trend to 0 the reason why is they recalculate daily, and if you lose 20% you have to gain 25% to be even... so there is a slow-burn on the math especially on the short side spsx -96.6% over the past 5 years even with a huge crash in the market in early 2020 yikes! Horrible return. But... in a diversified portfolio isn't it like holding a +2500 bet against a -4000 favorite as a hedge? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 24, 2021 Report Share Posted September 24, 2021 1 hour ago, Jimmy Hoffa said: Horrible return. But... in a diversified portfolio isn't it like holding a +2500 bet against a -4000 favorite as a hedge? no it's just a waste of money... drip drip drip every day you hold it because the multiplier makes it a total scam there was a 5-year stretch where the 3x long regional banks and the 3x short regional banks both lost more than 90%! how can both sides of a "hedge" be down 90% and anyone takes it seriously Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted September 24, 2021 Report Share Posted September 24, 2021 Yikes!! To be avoided with extreme prejudice. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted September 24, 2021 Report Share Posted September 24, 2021 They aren’t meant to be held (as you said they’re rebalanced and adjusted daily )so yes they trend to zero and then reverse split. They all do that. In the context in which I’m using them , they make sense. There’s a reason why I said in my post so not follow me on these. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted September 24, 2021 Report Share Posted September 24, 2021 Joey riding the #13 horse and holding a 99-1 ticket. ? Quote Link to comment Share on other sites More sharing options...
mikeman Posted September 24, 2021 Report Share Posted September 24, 2021 Sounds like china is outright banning crypto, crashing bigtime. Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted October 15, 2021 Report Share Posted October 15, 2021 On 9/23/2021 at 7:18 PM, Screw Andrews said: Short more TSLA today @ $750......avg. about $733 now Didn't really want any more of this but had to short more TSLA @ $835....makes my average about $767 and about 22K down on the trade....looking to exit this my the first week of Nov. one way or the other... Quote Link to comment Share on other sites More sharing options...
WVU Posted October 15, 2021 Author Report Share Posted October 15, 2021 1 hour ago, Screw Andrews said: Didn't really want any more of this but had to short more TSLA @ $835....makes my average about $767 and about 22K down on the trade....looking to exit this my the first week of Nov. one way or the other... Good luck, screw. Every time I see this stock gain, I think of you. I feel like it rises as bitcoin rises. Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted October 15, 2021 Report Share Posted October 15, 2021 Chicken Milanese with shredded parm and balsamic glaze Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted October 15, 2021 Report Share Posted October 15, 2021 put down the herb erb Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted October 15, 2021 Report Share Posted October 15, 2021 Sorry delete that please lol Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted October 15, 2021 Report Share Posted October 15, 2021 3 minutes ago, ERBtheGREAT said: Sorry delete that please lol This thread needed a snack. Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted October 15, 2021 Report Share Posted October 15, 2021 sold my NU today. woke up and it was up ilke 350% on the day. hit sell. Quote Link to comment Share on other sites More sharing options...
WVU Posted October 15, 2021 Author Report Share Posted October 15, 2021 14 minutes ago, EugeneMorgan said: sold my NU today. woke up and it was up ilke 350% on the day. hit sell. What’s NU? Quote Link to comment Share on other sites More sharing options...
EugeneMorgan Posted October 16, 2021 Report Share Posted October 16, 2021 NuCypher. Look at the chart from today or yesterday. It's wild. Quote Link to comment Share on other sites More sharing options...
WVU Posted October 16, 2021 Author Report Share Posted October 16, 2021 51 minutes ago, EugeneMorgan said: NuCypher. Look at the chart from today or yesterday. It's wild. Holy crap, nice few days. Wish I got in but could be too late now Quote Link to comment Share on other sites More sharing options...
WVU Posted October 16, 2021 Author Report Share Posted October 16, 2021 58 minutes ago, EugeneMorgan said: NuCypher. Look at the chart from today or yesterday. It's wild. Well hot damn, I do own some NU. Got in at 73 cents in February. I buy everything that gets listed on Coinbase. Quote Link to comment Share on other sites More sharing options...
brokerstip Posted October 16, 2021 Report Share Posted October 16, 2021 In on GIPR for a newly listed stock. I'm in for average of about 8ish, I have a mental stop loss at about 7ish (13%ish loss). Worth the risk/reward for a short flip for me. Quote Link to comment Share on other sites More sharing options...
WVU Posted October 22, 2021 Author Report Share Posted October 22, 2021 On 10/15/2021 at 3:28 PM, Screw Andrews said: Didn't really want any more of this but had to short more TSLA @ $835....makes my average about $767 and about 22K down on the trade....looking to exit this my the first week of Nov. one way or the other... You still holding or did you cut your losses? Quote Link to comment Share on other sites More sharing options...
WVU Posted October 22, 2021 Author Report Share Posted October 22, 2021 On 10/15/2021 at 11:44 PM, brokerstip said: In on GIPR for a newly listed stock. I'm in for average of about 8ish, I have a mental stop loss at about 7ish (13%ish loss). Worth the risk/reward for a short flip for me. Did you bail? Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted October 22, 2021 Report Share Posted October 22, 2021 16 minutes ago, WVU said: You still holding or did you cut your losses? Down 40K.....1 week left to decide...but yes still painfully holding.... Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted October 22, 2021 Report Share Posted October 22, 2021 What a run up for Trumps spac ! Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted October 22, 2021 Report Share Posted October 22, 2021 Anyone else see their Snapchat shares down 16.xx when the market opened? Quote Link to comment Share on other sites More sharing options...
WVU Posted October 22, 2021 Author Report Share Posted October 22, 2021 21 minutes ago, Screw Andrews said: Down 40K.....1 week left to decide...but yes still painfully holding.... I’m not holding Tesla. I’m rooting for you Quote Link to comment Share on other sites More sharing options...
Screw Andrews Posted October 23, 2021 Report Share Posted October 23, 2021 6 minutes ago, WVU said: I’m not holding Tesla. I’m rooting for you I could use fans but they don't pay....lol Quote Link to comment Share on other sites More sharing options...
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