If you are actually trying to take your account to zero owning leveraged ETF's would be a fantastic way to do so. Leveraged ETFs are designed to track the intra-day movement of the underlying basket not to track the leveraged returns of the index they reference on a historical basis (ie greater than a few weeks). The error associated with daily rebalancing ensures that all of these leveraged funds will eventually become worthless, and this is strongly worsened if they track futures that are heavily contango. I would strongly consider staying away from leveraged ETFs at all costs, unless you plan on holding them for under a week.
Yeah ETF's screw the sheeple without them even realizing it. I wouldn't hold one of those for more than 1 RTH session. Why not hop into furures or forex? Futures tax treatment =better
umm I'f you just lost 1/2 million in the futures market (like I have) you might just be a little wary of the futures market and the leverage available. Besides the better tax treatment is non-existent since it's (as mentioned before ) a traditional ira. forex? are you kidding I'm trying to get away from central bank manipulations not lie down in front of a steam roller.
It isn't (fake), besides what trader here would admit to starting with a 57% drawdown? I mean everybody here: 1) graduated , magna cum loud 5.0 on a 4.0 scale, 2) has an IQ 150 or above on a bad day 3) their clunker the ferrari is in the shop 4) Their wife is a famous heart surgeon 5) Their girlfriend(s) are porn stars (identical twins at that)
I appreciate your concern but I thought I made it clear I was going to trade them not marry them or put them in a time capsule.
thanks , I changed my bias from short to long. Hope the market likes the FOMC meeting today, it would be nice to hold onto these gains.