New rules on 3x etf's ruined it for responsible gamblers
In these lucrative instruments. If people didn't view these as investments and not day trading vehicles, the volatility could stay. Now I am worried after Dec. 1st, what kind of action we get across the board in all direxion funds.
I share your concern. What happens to the volatility when the margin limits take place on 1st.
I also wonder if we don't see a drop in share price because of it.
Again, intervention into the market. FAZ is a great vehicle to bet against the basket full of zombies. They better not take volatility away as soon its getting ready to be reckoning day for these fraud banks.
schwab has been 100% for along time on these funds, I'm actually really glad because I have lost quite a bit in the massive down push on faz over the last 6 months and it could have been a lot worse if I was allowed to margin, then again I'm not a responsible gambler.