Direxion Daily Financial Bull 3X Shares (FAS)

[Porgie Tirebiter]

I've been playing FAS/FAZ since shortly after they were introduced. I learned early on to always hedge. So I tend to stay on the side lines during markets like we saw in August, and are still in. The cost of the hedge just becomes too expensive.

I think it's a big mistake to enter these based on what you think is a macro economic trend. Play them on based on today's market. Tomorrow play them based on tomorrows market.