RE: What's Scary Is People Will Listen and Make this Investment

[dtrade]

It looks like someone has already executed this idea. However, he has just figured out back in 2010:

He purchased about $100,000 worth of Direxion Daily Financial Bull 3X shares FAS, and some $70,000 of Direxion Daily S&P 500 Bull 3x shares SPXL.

That’s right. The $170,000 initial investment just topped $1.5 million.

Source: https://www.marketwatch.com/story/millennial-consultant-sees-extremely-risky-investment-deliver-a-13-million-return-but-hes-still-not-quite-ready-to-sell-2019-11-20

I would buy 3X short NASDAQ (SQQQ) and 3X short Russel 2000 (TZA) at current level, wait till the election cycle (August-November, 2020). Democrats will always lead the presidential polls whoever win the election. Market will just panic on the outcome of a democratic president.

We can do it simulator.investopedia.com just for fun ;)

Comments

[scaredycatguide]

Oh wow, that trade is crazy if they don't book it that is just dumb. I would do like you said, cash out of it all and then put a chunk of it the shortside. Yeah, put on the paper trade atleast! :-)