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Direxion Daily Financial Bear 3X ETF Message Board

  • newbiebb@ymail.com newbiebb May 3, 2009 8:05 AM Flag

    when banks down, faz up, right?

    i am one of those who are new to trading

    just to clarify, faz is on a high when the financial sector is down right?

    so we should be praying for low financial markets really?

    and if the stress test results are positive, then faz would plunge?

    please clarify, thanks in advance

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    • Yes, yes, maybe, your welcome!

    • if i would be advising myself back when i startef trading 3X

      1. do not start with more than 100 shares a day

      2. trade both bull and bear instruments in concert

      3. when in 2 weeks u think ure become the master of 3X trade expect that 3 rd week u will make a big mistake being magnetized to one side which u will be sure a clear winner, so remember rule #1 and @2

    • Yup, and if you want to play rock and roll between the one - two dollar spread all day long, you can buy FAZ and FAS and play one against the other....

      but for now, FAZ has the nod as banks are about to get trounced and the President has announced banking industry is about to get smaller.

      At first, banks will go into the toilet under stress.

      Then, under last man standing, banks will go up for those remaining.

      Cleaning house is net positive--but won't work that way initially so be nimble.

    • if you are new trader why are jumping to the jaw of the shark

      I think it is better for you to trade with XLF first

 
FAZ
37.40+0.89(+2.38%)May 2 4:00 PMEDT