Quote:
Originally Posted by shawnly1000
I'm hoping FAZ isn't your main holding that is based on your view that markets plunge in the coming months, if not weeks. It is not an instrument meant to be hold longer than 2-3 days. There's inherent decay as well as if there are two 150+ green days, you'd be down like 15-20%. JMHO
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Of course I'm not holding FAZ longer than 2 days. FAZ is more like an online casino than it is investing. Everyone who plays with leveraged ETFs knows that, otherwise they wouldn't be called leveraged ETFs.