Replies to post #3521 on Direxion Daily Gold Miners Bull 2X (NUGT)

[firez1287]

Why short 3x EFT? why not go to dust whether than shorting nugt. Shorting will eventually break someone imo.

[dude iligence]

stingray113 all 3X leverage ETF's bleed about a quart of blood every hour. The Direxion ETF just happen to be some of the worst bleeders the only one I can think that is worse then Direxion is UVXY. Hold any 3X leveraged Steriod Munching Decay/Dilution Pig in a sideways market and you can see the bleed/Decay/newly printed shares/dilution/loss of value.

That's not to say you can't make a killing trading these bad boys you simply Ride Em Hard And Put Em Away Wet. Kick their dead carcasses aside jump on their evil twin brother to do the same while the carcass swacks off 50-75% of its value and gets a new Nitrous Oxide refill and a hefty dose of Steroid injections for the next run

[ID Supermoney]

The shorted shares are ADDED shares to the ETF!!!




That is DILUTION!!!

Until these added ( shorted shares are covered) there continues to be more shares!!

ETF's DO NOT REMOVE shares when PPS of NUGT goes up!!

The only shares that get removed are the covered shares!!!


GLTA


ID