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Thread: FAZ/FAS

  1. Post #1

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    Getting Acclimated Prospector
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    Default FAZ/FAS

    For those of you who remember SKF & UYG, picture them on steroids. They move 3X what the Financial Index moves and 10% moves are a slow day.

  2. Post #2

    #2
    Found a gold nugget Metal Miner King Of Budz's Avatar
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    Default Re: FAZ/FAS

    They're great if used properly. Keep your stops tight. These things were swinging +-25% daily in early August. They are supposed to be for day trading but I've found they're suitable for swing trading with a clear trend to follow. But can't stress enough if you guess wrong cut your damn loses. These 2 etfs will ass rape you.
    THIS IS THE CRIME OF THE CENTURY!!

  3. Post #3

    #3
    Getting Acclimated Prospector
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    Default Re: FAZ/FAS

    I was watching both of these yesterday on a percentage basis. I noticed several times when both where showing the exact same percentage (one loss & one gain) that you could enter a buy on both and close out with .1% or greater gain in a matter of minutes. This could add up nicely in a day if it could be executed efficiently.

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