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Direxion Daily Semicondct Bull 3X ETF Message Board

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  • xtradersdotnet xtradersdotnet Jan 18, 2012 2:09 PM Flag

    Anybody pulling out today

    well if it helps, I was in at 24.50 and sold out today at 35.00

    of course i wanted to hold on but with 3x funds you can get ripped real fast.

    I usually do this when this happens, I will sell out take my profits then inorder to get more if i can look at the options of several tech stocks that i would not mind owning. I have learned that 3x funds are not long term trades, they are for swing trades and for me a a 30% profit in about a month is good enought. Looking at the average it may go to mid 40's but for me its not worth risking 30% profit in a 3x fund. If this were say CSCO or ORCL then i would have noproblem holding out for more.

    good luck

    xtradersdotnet

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