Did you buy the correction today?

Discussion in 'Trading' started by Restricted, Feb 15, 2011.

Did you buy todays scary dip?

  1. Bought 3x bull ETF's using margin and credit card advances

    4 vote(s)
  2. Bought 3x bull ETF's on margin AND shorted 3x Bear ETF's

    1 vote(s)
  3. In since SPX 667, reading this from my G7 at 40k feet

    0 vote(s)
  4. Shorted the dip, quietly mixing valium and bourbon smoothie

    1 vote(s)
  1. Man I was sh!tting water for a good 15 minutes there but I got my piece.... Oh lordy I just can't wait to join the upper class!
  2. Locutus


    Huh, shorting bear ETF's is actually not even such a bad idea given how shit their performance is. If you're generally short the market (stocks or futures) you could probably even upgrade your performance a bit by shorting the bear ETF's and transferring the proceeds into some unrisky interest carrying asset (like a swedish kroner or something).

    Edit: You will obviously have to manage the trade carefully because the short position in the bear ETF increases while normal short positions decrease