Robinhooders Discover 3x Levered ETFs

Discussion in 'Wall St. News' started by Bugsy, Sep 14, 2020.

  1. Bugsy

    Bugsy

    https://www.zerohedge.com/markets/robinhooders-discover-3x-levered-etfs
     
  2. I wonder how many of them understand that you are not supposed to hold them over a couple of days?
     
    KCalhoun likes this.
  3. Before you know it alot of them will be getting that lesson
     
  4. shatteredx

    shatteredx

    I wonder if we will ever see a 33% drop to wipe out these 3x funds?

    [​IMG]

    TQQQ is up 40% YTD despite the volatility.
     
  5. Nobert

    Nobert

    Laughs. Dat Title.

    Landing_of_Columbus_-2--57ba7cb35f9b58cdfd4dd042-5b4514e046e0fb005bc9e37b.jpg
    (Columbus lands in America)
     
    Last edited: Sep 14, 2020
  6. KenC is pretty dam good trading them!
     
  7. Here4money

    Here4money

    upload_2020-9-14_18-29-12.png
     
    Amatrue likes this.
  8. Actually, if you are in a low vol environment with a some auto correlation, long term holds can work very well.

    These products do terrible on an underlying that is volatile and doesn't trend. UNG and it's 3x leveraged ETN's were a great example of that.

    On the flip side, in 2017 (low vol, trending environment for equities) SPY was up 20% while UPRO was up 73%. That is 3.6x what the underlying did.
     
    shatteredx, Atikon, Axon and 3 others like this.
  9. Buy1Sell2

    Buy1Sell2

    Not sure I understand your thinking here---
    upload_2020-9-14_20-47-57.png
     
  10. HAHAHAHA I wish I had filled the boat in April with TQQQ! I would be sitting fat dumb and happy right now! It was a friggin escalator!
     
    #10     Sep 14, 2020