$GraniteShares 2x Short NVDA Daily ETF (NVD.US)$ they invent...
$GraniteShares 2x Short NVDA Daily ETF (NVD.US)$ they invent these things and suck you in then split the whatever and they make money 😞
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KZZ : 🫨What do u mean by split?
Ultratech KZZ : when the inverse tickers get low they'll reverse split instead of 1.23 a share it'll be like 20 then it tanks more everyday afterwards. don't even think about buying these stupid things. sqqq for example is betting against the nasdaq 100, top outperforming tech sector -3x with decay and rebalance is beyond retardation
KZZ Ultratech : Oh I see. if the market goes against your favor then it’s really risky. thanks for the explanation. Appreciate
Ultratech KZZ : its not that the markets going against your favor...inversed is going against the markets favor.
stderr Ultratech : You are supposed to buy when the underlying stock is overvalued and you think it is moving down, not long term. I had nvdl for more than a month, I recall, nvda was about 126 on the buy and I needed 129 or something to break even. nvda roared right past. Are you saying nvd suffers worse slippage?
Ultratech stderr : I think its better to buy nvda and hold long and never look at inverse tickers. at such a loss price you simply take more loss when nvidia rises. if for some reason nvidia lowers you either buy more or wait it out