Loading ...DON’T FADE THE WIZARD
HOLY FOOK
RAMBUS NAILED THIS MOVE . HIS POSITIONS ARE GOING TO MAKE BILLIONAIRES OUT OF MILLIONAIRES
HIS LEVERAGED TRADES ARE FULL OF 3x SHORT ETFS ON THE GENERAL MARKETS AND HIS KAMIKAZI TRADES ARE FULL OF THE LEVERAGED SHORT PM ETFS !
MASSIVE GAINS
IS IT TOO LATE >
NOPE
CAREFUL HERE.
UVXY is now red on the day.
My younger brother made a living trading ProShares Ultra “everything” many years ago. It was essentially gambling. Had to be nimble.
When the mkt closed the NAV could be reset, sometimes dramatically. I tried it a few times. Read a book while monitoring my positions as small as they were. Sure, I got lucky and came out ahead on my meager trades. It was too much excitement for me.
He told me of an occasion where he and a few like minded guys went to lunch and had a few drinks. They didn’t leave the bar until after the mkt close. A few of his larger positions got repriced lower overnight. So he doubled down the next day and somehow got caught on the wrong side. He eventually made up the loss and went back to traditional trading. Moved to Cuba where the family still had a decrepit apartment, long story. Now lives in Ecuador after his murder rap was cleared. Ex-military adventure seeker.
You are right it is pure gambling ad addicting unless you really KNOW what you are doing…obviously I do NOT …see my post above