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Direxion Daily Financial Bear 3x Shares FAZ

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the funds net assets (plus borrowing for investment purposes). The index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It is non-diversified.


ARCA:FAZ - Post by User

Comment by ellgaron Aug 13, 2010 10:32am
176 Views
Post# 17348221

RE: RE: RE: Checkmate

RE: RE: RE: CheckmateI understand perfectly,and thanks for mentioning that...we are totally responsible for our own actions and we all should consider the consequences if the trade goes the wrong way. FAZ trades 3X USA financial basket and moves fast so you can get burned easily.
  I use to trade options and have made large & lost large, now I stick to stock & ETF's (no expiry) and it has been working much better cause if the trade doesn't go your way you can bail or average down to hope to see it turn you way eventually (as we all say , do your DD, evaluate your trading platform & risk that your willing to allow  yourself to sleep at night.
   I always say listen to your gut (6th sense) whatever you want to call it. That's always worked for me.

You seem to have a solid conviction and it seems like a good program you set up for yourself so thanks for sharing it with others, we can play it, trade it or if we think your wrong ..short it.

Happy trades.
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