I'm playing with SEP IRA money as half of it belongs to the IRS if I take it out now... as well as the fact that I'm in the middle of a divorce, so it is all at risk now anyway. LoL
I did good already with SPXS, but how high can it go?
The TVIX is really risky. But we are not in normal times. It's times like these that you can either lose your 401K or double it.
I went into the market on Monday looking to short and buy puts on Carnival as the cruise business is DEAD and will not come back for a long time.
Another thing to consider is the fact that downside events happen quickly and are over quickly - if they're big. They come along once in a decade... like right NOW.
For a stock to go from 100-50 is pretty fast and easy - look at Carnival. A fall of 50%.
Now, for it to go from 50 back to 100, it needs to gain 100%.
If you can figure out how to play it, the odds are better on the downside - the entire world is running with its hair on fire, it's the apocalypse... meanwhile, the world is still turning.
Anyway, what do you think of the SPXS? I see it as the safest of the unsafe or the unsafest of the safe... :)
Monday is going to be very interesting indeed...
It will continue to go up as long as the S&P500 goes down. I don't pretend to know what any market will do in the future.
I currently hold positions that profit when the stock markets go down. I have stop loss orders in place to exit me when they start to move back up, whenever that may be.
I guess I trade in an anti-fragile manner ... no predictions, just prepared to handle whatever happens ...