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Thanks! Yes, decay on levered ETFs can kill... but when we have these huge swings, holding overnight for a day can make the decay a rounding number. For example, at the triangle back-test fail yesterday at 11:30am-ish, tvix was around 124-125 when I loaded up.Nice trade
TVIX Double leverage daily compounding reset
From the Prospectus:
'designed to achieve their stated investment objectives on a daily basis, but their performance over longer periods of time can differ significantly from their stated daily objectives. The ETNs are riskier than securities that have intermediate or long-term investment objectives, and may not be suitable for investors who plan to hold them for longer than one day.'
JPMorgan CEO Jamie Dimon has a heart?Heck wrote:JPMorgan says CEO Jamie Dimon is recuperating after emergency heart surgery
Good pointBullTart wrote:Thanks! Yes, decay on levered ETFs can kill... but when we have these huge swings, holding overnight for a day can make the decay a rounding number. For example, at the triangle back-test fail yesterday at 11:30am-ish, tvix was around 124-125 when I loaded up.Nice trade
TVIX Double leverage daily compounding reset
From the Prospectus:
'designed to achieve their stated investment objectives on a daily basis, but their performance over longer periods of time can differ significantly from their stated daily objectives. The ETNs are riskier than securities that have intermediate or long-term investment objectives, and may not be suitable for investors who plan to hold them for longer than one day.'
It opened at 200 today, overnight.
Nice trade, thanks for posting your play by play! I'm learning something new everyday!BullTart wrote:Nice trade
It opened at 200 today, overnight.
Nice tradeBullBear52x wrote:Honey hole is well and live even in this environment. Greed is good world.