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Don't get me wrong. Leveraged ETFs are a great way to surf a bull market, but they're meant for institutional hedge funds where a 5% daily movement can mean tens of millions in profit from the sheer volume of capital alone. We don't have that kind of capital and insider information to maximize gains. That doesn't mean the average guy can't make some money from them. Don't let greed blind you and stay in too long. Never get into something without knowing the risks.
If you're the type to buy and hold for the long term, this isn't the type of investment for you. Holding for short to medium term is okay (weeks to six months) as long as you have a clear exit price point or date. I'm gonna bail out of as soon as earning season is done by June.
But wouldnt the sharks that eat us up long term eat us up short term as well? You listed their advantages. Don't they apply to both short and long term?
And yeah, this is risky as shit. lol.
That is what I have been saying about Bitcoin. I am sure you have watched Shark Tank. O Leary is a greedy fuck but not too greedy. Greed is actually bad. He preaches that and I believe it is good advice. A person who bought bitcoin at 10 grand and wont sell at 20 is being fucking greedy. I would be more than happy with that return. But it wasn't enough for them. Now they are back to 10k. And still think it will get back to 20k or hundreds of thousands. That is greed.
You are talking about 5% a day for these hedgefunds. That is big money even in my portfolio. I would kill for 5% consistently.
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