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- Joined
- Jun 25, 2005
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- 10,252
I am going to put my money where my mouth is and to prove it to you, I am going to publicly announce a move that I will make later this week. Since I don't think there can be any good news for stocks in the next few weeks (the current administration has shot its wad and the next administration doesn't mount the problem until late in January), I am going to look at the short side of the market.
I will be purchasing some kind of short ETF such as SDS (ProShares UltraShort S&P500) if the market goes up by 1.5% or more on any given day this week. The average daily volume on SDS is huge, so I imagine that traders are ping-ponging between a short fund like SDS and a long fund like SSO or SPY.
So ... anybody here used these shorting ETFs? Any caveats that I should worry about except losing money? I will avoid owning shares on record date for distributions. Thanks!
I will be purchasing some kind of short ETF such as SDS (ProShares UltraShort S&P500) if the market goes up by 1.5% or more on any given day this week. The average daily volume on SDS is huge, so I imagine that traders are ping-ponging between a short fund like SDS and a long fund like SSO or SPY.
So ... anybody here used these shorting ETFs? Any caveats that I should worry about except losing money? I will avoid owning shares on record date for distributions. Thanks!