Quote:
Originally Posted by cgnahc
Note most all Ultras can only long.
For others, Ultras are Exchange Traded Funds that trades higher when the underlying sector moves lower...such that they have an inverse relationship, and some have a 2x or 200% inverse relationship (some are 200% of the underlying sector, almost like a free margin of 2x your account). These are good to buy in descending trends in qualified only accounts, such as IRAs...where you can only buy or go long in these accounts.
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Yep, I currently have QID and EEV in my portfolio. QID has a 200% inverse relationship with the Nasdaq. Everything was going well today until 2 o'clock or so rolled around and everything went downhill from there.
No matter, the recession isn't over yet, nor have we hit bottom.
What financial website do you write for?