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The problem is everyone knows to short 3x ETF so whenever it's at key time, you're not allowed to short or you're forced to cover because no stocks to lend to you. So theoretically, you can short 3x ETF but in reality it's not that easy to hold long.BullBear52x wrote:From my experience not the same % today at this moment TZA lost .74% TNA gain .91% and if you want to buy long etf it's better in most case the shor etfs claw so slowly to gain its footing here if you short TZA you win. no matter how IWM do and the bear market will do the same to long etfs, so if you do pair trade you will see what I meant.MrMiyagi wrote:It is the same essentially as far as % gain or loss however, at least here in Canada, when you short a stock you get taxed differently as you never intended to hold the equity in the first place. TZA in this case benefits from capital gains taxation which is much lower.BullBear52x wrote:Why buy TZA? I will short TNA next week or when the next set up pops...
Main thing is the taxation.Cobra wrote: The problem is everyone knows to short 3x ETF so whenever it's at key time, you're not allowed to short or you're forced to cover because no stocks to lend to you. So theoretically, you can short 3x ETF but in reality it's not that easy to hold long.
exactly my broker's problem.Cobra wrote:The problem is everyone knows to short 3x ETF so whenever it's at key time, you're not allowed to short or you're forced to cover because no stocks to lend to you. So theoretically, you can short 3x ETF but in reality it's not that easy to hold long.BullBear52x wrote:From my experience not the same % today at this moment TZA lost .74% TNA gain .91% and if you want to buy long etf it's better in most case the shor etfs claw so slowly to gain its footing here if you short TZA you win. no matter how IWM do and the bear market will do the same to long etfs, so if you do pair trade you will see what I meant.MrMiyagi wrote:It is the same essentially as far as % gain or loss however, at least here in Canada, when you short a stock you get taxed differently as you never intended to hold the equity in the first place. TZA in this case benefits from capital gains taxation which is much lower.BullBear52x wrote:Why buy TZA? I will short TNA next week or when the next set up pops...
I thought in Canada there's free health care, school, retirement benefits all for free, they tax?MrMiyagi wrote:Main thing is the taxation.Cobra wrote: The problem is everyone knows to short 3x ETF so whenever it's at key time, you're not allowed to short or you're forced to cover because no stocks to lend to you. So theoretically, you can short 3x ETF but in reality it's not that easy to hold long.
Exactly. Only 2 places to consider hanging out: Short (and risk not recovering your winnings) or in Cash. Or, Kaprun, or Amalfi, or...but I digress.99er wrote:sgregs
Regarding falling equity and bond prices: I agree with you. See this:
"Suppressing fire, creating the illusion of fire protection, leads to the wrong kind of growth, which then invites greater destruction. About 100 years ago, the U.S. Forest Service took a zero-tolerance approach to forest fires, stamping them out at the first blaze. Fast forward to 1988 when a massive wildfire at Yellowstone National Park wiped out more than 30 times the acreage of any previously recorded fire." Another way of calling this, is what we have been warning about for years: delaying mean reversion does nothing but that. And when the Fed finally fails to offset the inevitable, and it will - it is a 100% certainty - the collapse and destruction will be unprecedented. Ironically, the only way the system could have been saved would be by letting it fail in 2008. Now, we are sorry to say, it is too late.
http://www.zerohedge.com/news/black-swa ... med-us-all
That's one way to look at it...here's a shorter term view.L_T wrote:I wouldn't load up on UGA right now. Wait to either break above obvious trend line and 200 day MA or move lower to support below.
Al_Dente wrote:OMG I AM SO SORRY, I USE IT WITH NO PROBLEMSL_T wrote:Paging Al about that trading books link yesterday: that site had "sketchy" written all over it but I downloaded one of those .pdf's anyway. My bad because it loaded me up with Scareware/virus thing. I had to restore my PC to a few weeks back to get rid of it. Just wanted to warn you.
I’LL NEVER POST THAT LINK AGAIN, THANKS, MY APOLOGIES, MY BAD
PS: I always prefer buying books on paper from Cobra’s amazon link.
Nice one! Time frame definitely makes a difference. I didn't bother to pull up a longer or shorter term chart than the daily. The logic you gave made me think of a holding period of weeks to months.....maybe a weekly chart would work better?67Chevy wrote:That's one way to look at it...here's a shorter term view.L_T wrote:I wouldn't load up on UGA right now. Wait to either break above obvious trend line and 200 day MA or move lower to support below.
Thanks and welcome aboard!xiaohehua wrote:Al_Dente wrote:OMG I AM SO SORRY, I USE IT WITH NO PROBLEMSL_T wrote:Paging Al about that trading books link yesterday: that site had "sketchy" written all over it but I downloaded one of those .pdf's anyway. My bad because it loaded me up with Scareware/virus thing. I had to restore my PC to a few weeks back to get rid of it. Just wanted to warn you.
I’LL NEVER POST THAT LINK AGAIN, THANKS, MY APOLOGIES, MY BAD
PS: I always prefer buying books on paper from Cobra’s amazon link.
Hi Everyone, Just registered here, but been following it for quite sometime. Learned so much, Thanks for all the excellent charts and posts.
Just report, I down load the steve nelson book yesterday, no problem so far. Thanks.
BullBear52x wrote:I thought in Canada there's free health care, school, retirement benefits all for free, they tax?MrMiyagi wrote:Main thing is the taxation.Cobra wrote: The problem is everyone knows to short 3x ETF so whenever it's at key time, you're not allowed to short or you're forced to cover because no stocks to lend to you. So theoretically, you can short 3x ETF but in reality it's not that easy to hold long.