| I told you last week. Buy UVIX. We are in the middle of this unnecessary economic meltdown. Trump won’t back down. His narcissism and Roy Cohn training won’t let him. Meanwhile the rest of the world is moving on and isolating us. On the 10th 34% tariffs will kick in from China. Buy SOXS and UVIX if you want to have any money. |
| I don’t know. You need to get not just the direction right, but the timing. These inverse etfs decay pretty quickly. I agree that the market has further to fall, but it may take time and there will be some temporary rallies along the way. I say this as someone who has made good money from shorting tsla recently. |
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There will be no rallies. What are you people buying the dips not getting? There is no dip. Until we somehow apologize to the rest of the world for fking things up with completely necessary tariffs, and stop all the bluster, and take away the tariffs, every other country will band together to make the pain as protracted as possible. Trump’s little strong man game where he thinks he can just threaten everyone around the world and they will quickly bend the knee is an incredibly poorly strategy.
On Mondy, SOXS, SPXS and UVIX will begin their rise again. In short, we are so fked. We are so completely and unnecessarily fked. |
| Unnecessary tariffs, I meant. |
+100 And it’s not much of a “strategy” when everyone knows you’re doing it! |
| What is an inverse ETF? |
It’s an easier way of shorting thank options. You can buy a triple leveraged ETF, so if the market does bad, that’s good for your etf, except it’s magnified by 3x. Buy it in the am, then sell in the afternoon. I like soxs. |
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Honest question to OP. When you say buy in morning, sell in afternoon..
The market has gapped down 5% last 2 days. Like, NVDA opens already down 5 to 10% since 2am. How does buying inverse etf make money unless swinging from the previous day (before the stocks tanked). |
I need to know too. Especially with 24 hour trading. |
| The OP may be right about buying the inverse before the tariff announcement on wed. But it is risky now to short the market with 3x inverse. In bear markets, there are vicious short squeeze rallies. Like 2% gain the entire market in 30 minutes. Need to be careful about news. Any statement about backing down from tariffs will squeeze the shorts to hell. |
| I’m trying again on Monday. Probably buy SOXS or UVIX and sell same day. Trump ain’t backing down. How big azz ego won’t let him and it’s too soon. We’re on this crazy train until Congress decides it’s had enough and steps in or Trump gets some little concessions from other countries and then pretends, like he won. |
| Bump. |
| ETFs that trade on volatility are one of the few investments out there that can go to straight to zero in less than a day. Not just a theory either, several actually did that a few years ago. Last week’s +50% vix in one day probably wiped out a bunch of traders |
How is the shorting going? SPXU is -28% for the day LMAO |
I’m doing great. Gold ETFs and inverse ETFs are delivering. |