Direxion Daily Financial Bear 3X Shares (FAZ)

[xtreem99]

FAZ is just a ETF (basically a stock) that moves -3x%(or 3x the inverse percentage) the russell 1000 index (IWB)does. so if the russel 1000 goes down, FAZ goes up at 3x the percentage. FAS actually follows the russel and is a 3x multiple percentage. so if russell goes up, FAS goes up at 3x percent.

if you put in 1000, you can only loose 1000, not 3000.
it works the same as a regular stock .

hope this helps.
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