Looking at the Fed pumping money into market however unemployment at ATH. This shouldnt last. Expecting a reversal as markets start to erode due to US economy on its death bed due to #stayathome orders.
Can someone explain the whole decay idea? I have read up a good amount but it still confuses me a bit....
dead4586
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@JackHerman, its the loss due to the daily re balance. they do a daily re-balance because spxs it x3 leverage for 1 day (suppose be at least). as long as s&p drops a decent amount decay doesnt really matter for like a months. i saw somewhere but i cant remember where they calculated the average decay and how long until it eats into gains. Simply put decay is the loss of performance attributed to the multiplying effect on returns of the underlying index of the leveraged ETFs.
@dead4586, this helps a lot actually. So basically, if the market isn't making large swings consistently in a short amount of time, you could get really F**ked haha
Eazybakeoven
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Hopefully today marks the "official" turning point for SPXS #bullish
Discount_Gosling
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God I hope... I'm in this since $17
JackHerman
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@ItsAWazieItsAWoozie, in at avg $15.60 but same....its about to come back
1 week of decay from the day this was introduce.... can anyone help me figure out exactly how long i can be holding this without decay stealing all the gains. i just bought 2 days ago at like 12.09$....
djm3862
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Been long on this for weeks... So mad, will probably buy more today haha
getreqed
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@djm3862, haha same! I find peace of mind knowing that the market is artificially moving up and reality always has a way of setting in. I just wish I would've rode the wave up before coming back down again.