Direxion Daily S&P 500 High Beta Bear 3X SharesArca
Description
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"the stock market rallies on stimulus hopes" "markets make new all time highs on relief talks"
give me a break
Am I the only one getting tired of the media? and this nonstop bombardment of nothing but garbage? I just think it's funny how they don't tell us, politicians only have 7 days till they go on vacation till 2021 - anyway, I think one of the two most important things a trader should ask themselves before taking a trade are: who is on other side of this trade? & how much risk am I taking?
lets just say this- I don't think I've ever been more confident about a trade & I expect a higher high ... that gap is above the 78.6, and the 23.6 ext... this wave will be a flat Up to you where you see value keep in mind - few things go to 0, and they usually don't stay there for long
Oh man, sht hasn't changed for months now... media headlines are the biggest joke, they have 0 clue lol.
UnknownUnicorn7567260
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@ProfitHarvest, i genuinely believe they 'take the opposite trade' half the time they announce news, at this point it makes me disappointed; it's on both sides as well
davidismyname
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Well said! Ba-bam! 💥
UnknownUnicorn7567260
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@davidismyname hahaha thank you! I’ve never once seen an bearish etf show so much promise, down 93% from highs made earlier this year.. I’m excitedddddddddd
davidismyname
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@I8I, HIBS went through the roof in March - approximately 270%. But UVXY went up ~800%. Do you have thoughts on which will be best for any future S&P drop? It does look like UVXY pops & drops faster, requiring us to be quicker on our toes.
UnknownUnicorn7567260
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@davidismyname, very good analysis; I literally was just thinking about which I'm more bullish on.. ah man its a hard answer... u gotta think about where the market was pre CV lockdowns as well (you could argue that the only thing outperforming are high beta stocks now {most of which are highly indebted and barely profitable as it stands}) HIBS was also just introduced into the market as well at a relatively higher price than where it is at now- my gut says HIBS, but volatility has been a 'popular' short since the tech bubble, I genuinely do expect those shorts to be covered when margin calls start happening, along with everyone looking for a place of safety when the dip keeps dipping (i know it sounds crazy but theres a gap above 300)....
basically, I dont know... what I do know, everyone is more than scared to short what is strong right now & few can go long vol successfully, therefore, thats exactly where i like to be (: great question, i guess it's more of a matter of how low each get relatively speaking when they put in their low, I still have a good amount of cash im waiting to pull the trigger on ..