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R59, I like shorting specific sectors better, but

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wadegarret Member Level  Tuesday, 10/05/21 10:28:08 PM
Re: researcher59 post# 91466
Post # of 94165 
R59, I like shorting specific sectors better, but

yes, a basket of stocks is fine. Personally, things are so bad out there IMO, that I believe you're better off throwing a dart and shorting that stock, than playing almost any long position right now. The reason I like the triple leverage inverses, is because you have limited downside, such as you can't lose more than 100%(whereas shorting a stock has unlimited downside). Only thing is, these triple leveraged plays are in essence an option, for you pay about 2.5%/month attrition(in my experience) if the underlying sector or index stays flat or goes the opposite way you bet. On the other hand, if you time things right, and get a multi week or month where the market goes your way, then you make up that 2.5%/month and way more with the resetting every day. For example, those who played SOXL(triple leverage semi long) back from Mar 16 2020 to Sept 20, 2021, made 1025%, despite triple the ^SOX index increase during that period(up 166%) suggested being up 498% less the monthly attrition !

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