Xif, Fib beat me to the answer. I would suggest taking a good look at some of the 2x and 3x funds, and performing a correlation against the SPX or Russell 2000 (maybe even SPY or IWM), or whatever instrument they are associated with - - - you might be surprised how the correlation is not as close as you think. AZD
Holy crap! So what you should do if expecting a bull market return is short the 2x inverse ETFs. do they have positive expectancy over time? :eek:
I agree 100%. Allowing large open-loss/gaping wound positions to develop damages the psyche more than anyone will admit. Today's up day probably created a large amount of buyers anxiety in a lot of traders. Especially those with large open losses trying to get back to break even. Unfortunately, this cycle of emotions compounds the problem. This is the personality of a bear market. I don't really have any advice except not to chase lost money. All the best to your trading.
10-15 years! HA HA HA HA HA HA HA I wonder how it all turned out for Xif. This thread should be saved and studied as it nailed the exact bottom and the corresponding emotions to a tee.
Yes. That's awesome. Perfect real-time narrative of the heart of why simple opportunistic decisions become confused nauseating decisions when cost-basis is bad. Also perfect in fleshing out why capitulations happen, even though "everyone" knows they are opportunities.