| StockFetcher Forums · Stock Picks and Trading · KEVIN'S SHORTING 3X ETFS THREAD (READ-ONLY) | << 1 ... 15 16 17 18 19 >>Post Follow-up |
| Kevin_in_GA 4,599 posts msg #135580 - Ignore Kevin_in_GA |
4/24/2017 8:39:00 AM Will add to my current JDST position at $18.00 if it gets that high. Limit order - STO 1000 shares of JDST at $18.00 This will give me an adjusted position of short 2000 shares at $17.00. |
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| Kevin_in_GA 4,599 posts msg #135598 - Ignore Kevin_in_GA |
4/25/2017 10:41:39 AM Added 1000 shares to my JDST short position at $20.00 Now short 2000 shares of JDST at an average cost of $18.00. Not psyched to have to add to this position - this was triggered off of a DUST short signal that I could not get shares to short. |
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| Kevin_in_GA 4,599 posts msg #135608 - Ignore Kevin_in_GA modified |
4/25/2017 4:00:10 PM 4/19/2017 10:52:31 AM STO 1000 shares of ERY at $12.00 BTC 1000 shares of ERY at $11.82 for a gain of $161 after commissions. |
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| Kevin_in_GA 4,599 posts msg #135722 - Ignore Kevin_in_GA |
5/2/2017 2:29:20 PM Added another 500 shares @$41.50 to my current SCO position - now short 1000 shares at $39.25. |
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| Kevin_in_GA 4,599 posts msg #135843 - Ignore Kevin_in_GA |
5/11/2017 10:10:04 AM Update on JDST trade - I have been in this trade longer than I had planned, and after the reverse split I was short 500 shares at $72.00. When JDST hit $99 I doubled down (again) so that I was now 1000 shares short at an average price of $85.50. This is not how the system is meant to be traded. With JDST currently at about $83 I am up nicely on this trade but recognize it was poorly managed. Limit order - BTC 1000 shares of JDST at $82.50. |
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| Kevin_in_GA 4,599 posts msg #135844 - Ignore Kevin_in_GA |
5/11/2017 10:29:07 AM BTC 1000 shares of JDST at $82.50 for a gain of $2990 after commissions. |
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| Kevin_in_GA 4,599 posts msg #135847 - Ignore Kevin_in_GA |
5/11/2017 12:20:43 PM I will post the eventual close out of my SCO trade here, but want to shift the focus of this thread slightly. Given the structural issues with most triply-leveraged ETFs like the ones I have been shorting here, a number of folks over the past 5 years have discussed the simpler strategy of shorting both sides of a given 3x leveraged pair, and allow time to drive the value of each ETF down. This is clearly supported by historical data (how many times have people looked at TVIX or DUST and thought "man, if only I had shorted this two years ago ..."). Well, I'm changing the focus of this thread away from multi-system short term trades to one of simply holding both sides of a leveraged pair. Depending on your brokerage, there are always borrowing costs for this type of trade, which might be rather high on an annualized basis - I looked at the aggregate SLB rates for the 3x ETFs I will be assessing, and the average was 7.5-8.0% per annum. I'll not be tracking these costs daily but they can easily be factored in as needed. To see how this might work, I started tracking 8 different pairs of ETFs, shorting on paper $5000 of each as of the close on 5/10. I'll be periodically updating this list, probably on the weekends, and will track the relative and absolute performance of each pair and the total investment. Here is the table for these trades (all trades currently set at their entry values):
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| Kevin_in_GA 4,599 posts msg #135911 - Ignore Kevin_in_GA |
5/15/2017 9:31:28 AM BTC 1000 shares of SCO at $38.00 for a gain of $1235 after commissions. |
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| Kevin_in_GA 4,599 posts msg #135912 - Ignore Kevin_in_GA |
5/15/2017 9:44:20 AM Update on all trade activity since last November (every trade entry and exit has been documented here, including when I added to each position if necessary): 11/08 - short ERX for a gain of $100 11/08 - short DUST for a loss of $1020 11/14 - short DUST for a gain of $1375 11/22 - short ERX for a gain of $156 12/01 - short ERX for a gain of $176 12/02 - short NUGT for a gain of $295 12/08 - short ERX for a gain of $258 12/20 - short DUST for a gain of $248 01/05 - short NUGT for a gain of $1879 01/10 - short DUST for a gain of $330 01/12 - short NUGT for a gain of $390 01/13 - short URA for a gain of $840 01/19 - short DUST for a gain of $561 01/19 - short TVIX for a gain of $279 01/23 - short ERY for a gain of $231 01/23 - short NUGT for a gain of $603 01/26 - short DUST for a gain of $396 01/31 - short TVIX for a gain of $1619 02/02 - short NUGT for a gain of $731 02/03 - short ERX for a gain of $250 02/09 - short ERX for a gain of $27 02/10 - short YINN for a gain of $266 02/14 - short URA for a gain of $202 02/15 - short DUST for a gain of $495 02/16 - short NUGT for a gain of $490 02/21 - short NUGT for a gain of $240 02/22 - short DUST for a gain of $245 02/27 - short NUGT for a gain of $410 02/28 - short DUST for a gain of $159 03/08 - short ERY for a gain of $52 03/10 - short SCO for a gain of $108 03/13 - short NUGT for a gain of $240 03/24 - short TVIX for a gain of $989 03/24 - short TVIX for a gain of $1489 03/31 - short ERY for a gain of $190 04/04 - short ERX for a gain of $253 04/04 - short TVIX for a gain of $514 04/05 - short ERX for a gain of $320 04/05 - short NUGT for a gain of $479 04/10 - short TVIX for a gain of $989 04/10 - short UCO for a gain of $225 04/18 - short JDST for a gain of $740 04/19 - short ERY for a gain of $161 04/19 - short JDST for an (eventual) gain of $2990 04/20 - short SCO for a gain of $1235 Currently at 44 wins, 1 loss. Net gain of $23,205. |
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| Kevin_in_GA 4,599 posts msg #136296 - Ignore Kevin_in_GA modified |
6/10/2017 6:36:31 PM So it has been one month since I started tracking these paired shorts on the 3x leveraged ETFs. Historical data suggests that shorting both with result in a decent profit. How have we done so far shorting 8 pairs of 3x ETFs?
Not stellar, but still a profit of about 0.8%. I will update these monthly over the next year or so to see how well we do. |
| StockFetcher Forums · Stock Picks and Trading · KEVIN'S SHORTING 3X ETFS THREAD (READ-ONLY) | << 1 ... 15 16 17 18 19 >>Post Follow-up |
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