RE: Graniteshares 3x Long RR9 Feb 2021 11:55
I don’t really agree with what you said, I held long term these shares (more than two months now). I am down 1k but it’s because the share is also down. My most profitable trade was with Tesla x3 with gran****es when I held for two months (before the announcement of SP inclusion). I sold once I got x3 my money (well. I held from $19, it’s now $120! I beat myself sometimes for selling it too early).
Yes, the issuer makes money, a lot. But you make money too, more than buy holding shares. I don’t know how to play options and don’t want to get involved with that. I am confident to hold these etf long run. I hope for a spike of 50% increase in a day if the RR share, then I will pocket 150% of this etfs. Net the fees, I still earn more than that.
Of course it involves risk, hugely so. But high risk, high return, I don’t see how it is different from playing with penny stock, which could shoot up 100% a day then plummet 50% next day. At least, the underlying share of this etf is rolls royce, which I believe in.
Waiting for another argument against this though.