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Stock版 - 金嗓子喉宝, 我给你一耳光
相关主题
short (long) FAZ 和 long (short) FAS 的区别?小晒一下收益
大牛给讲讲,short FAS跟买FAZ到底有啥区别ETF X3 为什么不能隔夜
同时short fas faz一个月以上至少20%经过实地试验,FAS和FAZ的TIME DECAY大概是每周1/1000
大家买option一般ITM 还是OTM呢FAS可以冲击20吧?
leveraged ETF time decayAn option trade idea
是不是TNA与TZA的总和一直在下降?讨论:如何低风险吃Time Decay
anyone hold Faz from 18 to now like me?short FAS 还是 buy FAZ
FAZ的前景有人分析过 3X ETF的Decay吗?
相关话题的讨论汇总
话题: shorting话题: etf话题: market话题: 3x话题: decay
进入Stock版参与讨论
1 (共1页)
B**********r
发帖数: 7517
1
看你还不懂装懂
Z****g
发帖数: 13731
2
小声的问一句:靠谱不?

【在 B**********r 的大作中提到】
: 看你还不懂装懂
g*****u
发帖数: 14294
3
本质就是涨1%跌1%无法回原点的事实被3X放大了。
所谓的time decay也好,基金friction也好,都是高阶无穷小。

【在 B**********r 的大作中提到】
: 看你还不懂装懂
j***b
发帖数: 5901
4
I have two words for you: Back test.
If you have done it, then you will know that short 3x reverse etf faces it
going up over 5 times, and shorting positive 3x etf is even worse.
With this kind of risk, you can only short these things with very small
position, and with that kind of position, your account performance will
under perform the market in the long run.
Just tell me what is the weight of your positions. I remember you said you
have very small positions on this kind of trade. Now people consider this:
How hard is it to make money if you open very small positions on market etf
and doing the average down thing?
It's like betting on coins with very small bets, say 1 cent. And double
every time you loses. If you have $10,000, it's going to be very hard to
lose money.
It's pretty much the same thing as shorting 3x etfs.

【在 B**********r 的大作中提到】
: 看你还不懂装懂
B**********r
发帖数: 7517
5
看图。还嘴硬?我再给你一耳光

etf

【在 j***b 的大作中提到】
: I have two words for you: Back test.
: If you have done it, then you will know that short 3x reverse etf faces it
: going up over 5 times, and shorting positive 3x etf is even worse.
: With this kind of risk, you can only short these things with very small
: position, and with that kind of position, your account performance will
: under perform the market in the long run.
: Just tell me what is the weight of your positions. I remember you said you
: have very small positions on this kind of trade. Now people consider this:
: How hard is it to make money if you open very small positions on market etf
: and doing the average down thing?

j***b
发帖数: 5901
6
Gosh you are stupid.

【在 B**********r 的大作中提到】
: 看图。还嘴硬?我再给你一耳光
:
: etf

B**********r
发帖数: 7517
7
Gosh, 你的臭嘴又凑过来了. 我再给你一耳光

【在 j***b 的大作中提到】
: Gosh you are stupid.
j***b
发帖数: 5901
8
Let me repeat this:
1. Tell me what is the weight of your position.
2. Tell me results of back testing with whatever strategy you use, or admit
you didn't do it.
It is people like you makes online experience frustrating. I can reason all
I like but all it takes for you to claim victory is to not understand.
BTW, don't call me 臭嘴 because it's your shit spewing 臭嘴 that insulted my id
in the title first. Just like how our encounters always go, I reason, you curse.
r***k
发帖数: 13586
9
Your concern is just for blind shorting. If to do trend following by
shorting one of FAS/FAZ, you can all in and set a stop loss point.

admit
all
my id
curse.

【在 j***b 的大作中提到】
: Let me repeat this:
: 1. Tell me what is the weight of your position.
: 2. Tell me results of back testing with whatever strategy you use, or admit
: you didn't do it.
: It is people like you makes online experience frustrating. I can reason all
: I like but all it takes for you to claim victory is to not understand.
: BTW, don't call me 臭嘴 because it's your shit spewing 臭嘴 that insulted my id
: in the title first. Just like how our encounters always go, I reason, you curse.

j***b
发帖数: 5901
10
The supposed beauty of shorting 3x etf is not needing to time the market.
If you follow trend, that will be timing market.
Also, even with trend following, you usually don't beat the market by
shorting 3x etf without holding heavy position. For example, during a bull
market, it's very hard to beat the market if you short reverse 3x etf with
less than 1/3 of your account. But if you are shorting reversed 3x etf with 1/3
of your account and plan to hold it, you are taking huge risk.

【在 r***k 的大作中提到】
: Your concern is just for blind shorting. If to do trend following by
: shorting one of FAS/FAZ, you can all in and set a stop loss point.
:
: admit
: all
: my id
: curse.

相关主题
是不是TNA与TZA的总和一直在下降?小晒一下收益
anyone hold Faz from 18 to now like me?ETF X3 为什么不能隔夜
FAZ的前景经过实地试验,FAS和FAZ的TIME DECAY大概是每周1/1000
进入Stock版参与讨论
j***b
发帖数: 5901
11
What frustrates me is that people don't understand the fact that "time decay
" is simply average down. This is a simple fact but people like LZ simply
don't get it.
I suppose everyone knows the risk of AD.
r***k
发帖数: 13586
12
As I said, you can have 100% position in the market by shorting 3x ETF and set a stop loss point when you timing the market by following trend.

with 1/3

【在 j***b 的大作中提到】
: The supposed beauty of shorting 3x etf is not needing to time the market.
: If you follow trend, that will be timing market.
: Also, even with trend following, you usually don't beat the market by
: shorting 3x etf without holding heavy position. For example, during a bull
: market, it's very hard to beat the market if you short reverse 3x etf with
: less than 1/3 of your account. But if you are shorting reversed 3x etf with 1/3
: of your account and plan to hold it, you are taking huge risk.

j***b
发帖数: 5901
13
100% Shorting 3x reverse ETF is almost like longing positive 3x etf with 100
%.
Stop loss cancels out time decay benefit.
Longing 3x etf is like automatic stop loss buy reducing position if the market
goes against you.

set a stop loss point when you timing the market by following trend.

【在 r***k 的大作中提到】
: As I said, you can have 100% position in the market by shorting 3x ETF and set a stop loss point when you timing the market by following trend.
:
: with 1/3

j***b
发帖数: 5901
14
Actually, stop loss, or lock in loss, is the mechanism of time decay. So if
your strategy involves stop loss, that means you allow people holding
opposite position as yours to earn "time decay".
Strategies for shorting 3x etf usually involves "rebalancing". The fact is every time you rebalance, you are locking in loss, and giving up some of the time decay you earn. In the end, you may under perform the market.
r***k
发帖数: 13586
15
If there exists a trend for the market, then stop loss will not cancel all
the time decay benefit. For example, if there's 70% chance market going up,
then in 70% cases I enjoy the time decay benefit by shorting FAZ, 30% chance
I stop out.

100

【在 j***b 的大作中提到】
: 100% Shorting 3x reverse ETF is almost like longing positive 3x etf with 100
: %.
: Stop loss cancels out time decay benefit.
: Longing 3x etf is like automatic stop loss buy reducing position if the market
: goes against you.
:
: set a stop loss point when you timing the market by following trend.

j***b
发帖数: 5901
16
Let me put it simple: The nature of shorting 3x etf is increasing losing
position and reducing winning position. This is the definition of a losers
strategy.

,
chance

【在 r***k 的大作中提到】
: If there exists a trend for the market, then stop loss will not cancel all
: the time decay benefit. For example, if there's 70% chance market going up,
: then in 70% cases I enjoy the time decay benefit by shorting FAZ, 30% chance
: I stop out.
:
: 100

r***k
发帖数: 13586
17
Averaging down sometimes is the best strategy, not sure why you say it's
loser's strategy.

【在 j***b 的大作中提到】
: Let me put it simple: The nature of shorting 3x etf is increasing losing
: position and reducing winning position. This is the definition of a losers
: strategy.
:
: ,
: chance

j***b
发帖数: 5901
18
Key word: sometimes
Sometimes all in buying calls is the best strategy right?
The problem with AD is that if the market goes down too much, you ended up having to cut/lock loss.

【在 r***k 的大作中提到】
: Averaging down sometimes is the best strategy, not sure why you say it's
: loser's strategy.

r***k
发帖数: 13586
19
All in buying calls sometimes are very good, when you have some good inside
information. However you want to say shorting FAS/FAZ are not good ALWAYS.

【在 j***b 的大作中提到】
: Key word: sometimes
: Sometimes all in buying calls is the best strategy right?
: The problem with AD is that if the market goes down too much, you ended up having to cut/lock loss.

B**********r
发帖数: 7517
20
你懂个屁!
Shorting 3x ETF pairs = 高抛低收 + Decay获益
Longing 3x ETF pairs = 追高杀低 + Decay损失

【在 j***b 的大作中提到】
: Let me put it simple: The nature of shorting 3x etf is increasing losing
: position and reducing winning position. This is the definition of a losers
: strategy.
:
: ,
: chance

j***b
发帖数: 5901
21
It's a good strategy if you know the market will not go in one direction too
much. So why is this differs from having insider information? Is it true
that you always know how much the market will go in one direction before
rebound? If it is true, then of course, shorting FAS and FAZ is a good
strategy.

inside

【在 r***k 的大作中提到】
: All in buying calls sometimes are very good, when you have some good inside
: information. However you want to say shorting FAS/FAZ are not good ALWAYS.

j***b
发帖数: 5901
22
This is stupid.
It's not 高抛低收 + Decay获益.
Decay is from 高抛低收. If you add, you are counting it twice.
This is an insult to human intelligence. How can people be this stupid? I
explained this a hundred times and you just don't understand.
If you short $10000 tza and it dropped 15%, you are basically equivalent to someone who long $30000 of iwm and reduce position to $25500 when it goes up 5%. There is absolutely no fucking difference.

【在 B**********r 的大作中提到】
: 你懂个屁!
: Shorting 3x ETF pairs = 高抛低收 + Decay获益
: Longing 3x ETF pairs = 追高杀低 + Decay损失

1 (共1页)
进入Stock版参与讨论
相关主题
有人分析过 3X ETF的Decay吗?leveraged ETF time decay
Long FAZ and get ready ba.是不是TNA与TZA的总和一直在下降?
add short positionsanyone hold Faz from 18 to now like me?
加仓烧女大FAZ的前景
short (long) FAZ 和 long (short) FAS 的区别?小晒一下收益
大牛给讲讲,short FAS跟买FAZ到底有啥区别ETF X3 为什么不能隔夜
同时short fas faz一个月以上至少20%经过实地试验,FAS和FAZ的TIME DECAY大概是每周1/1000
大家买option一般ITM 还是OTM呢FAS可以冲击20吧?
相关话题的讨论汇总
话题: shorting话题: etf话题: market话题: 3x话题: decay