Future contract is too risky due to the high multiple of leverage n MARGIN CALLS.
2 more draw backs r
i. there is expiry date to worry about.
ii. extreme price premium n discount, if u r on the right side, then very good.
I suggest people should have a nice look at the most wonderful products available in the US mkt. In fact whatever derivatives u can think of that we should have them in msia, they edi existed in US years ago.
Let me introduce u all to the all exciting 3 X velocity ETF, bull n bear pairs.
WHY ETFs,
a. no expiry date, just like stocks n hold like stocks but meant for 1-2 mths holding max
b. no margin calls
c. no stock selection required = half the battle is won
d. play n master the sine wave, focusing on the big n small moves
The pairs r
TQQQ SQQQ ... Nasdaq index (to mirror 3 X its index movement)
UPRO SPXU ... S&P 500 index
UDOW SDOW ...DOW
FAS FAZ ... Financial
TNA TZA ... Small Cap cos.
ERX ERY ... Energy
UWTI DWTI ... Oil
NUGT DUST ... Gold
BIB BIS ... 2 X Biotech index
They also have country specific 3 X ETFs
YINN YANG ... China
Keep going in n out these financial paths, soon we shall know the nooks n corners of the journey, even the potholes to avoid.
If we r good with bull or bear sides, we will be fully invested for life. Beauty is u can play in bear mkt.
Find a good US broker. I pay USD$9.95 per contract only n nothing else for any amount, be it $1,000 or $200,000 an order. I love TQQQ/SQQQ pair.
DO NOTE, NASDAQ is the world's most bullish index = do LONG always on weakness,,, to win BIG,,,
GOOD LUCK n stay SAFE n well...
GOOD LUCK n stay SAFE n well...
