I have a 2k withdrawal coming from my sportsbook, and wanted to use it to gamble in the market. not really looking to invest anything longterm, just looking to gamble with it try and get lucky and make some big cash. where's the best place to open an account, quickest place to deposit so i can get in asap?
is this possible? my understanding is small caps (russel 2k) go down, my tza goes up x3, is that correct? is someone with only 2k to invest allowed to play in this game?
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I have a 2k withdrawal coming from my sportsbook, and wanted to use it to gamble in the market. not really looking to invest anything longterm, just looking to gamble with it try and get lucky and make some big cash. where's the best place to open an account, quickest place to deposit so i can get in asap?
is this possible? my understanding is small caps (russel 2k) go down, my tza goes up x3, is that correct? is someone with only 2k to invest allowed to play in this game?
well buying on the highs has worked for these short funds, no doubt about it.
I would never have purchased the SKF in the 200 range, but it keeps going up.
I guess if the markets are going to 6500 then that fund could go nicely, but I dont see the value with the market being down almost 50% from the highs.
well buying on the highs has worked for these short funds, no doubt about it.
I would never have purchased the SKF in the 200 range, but it keeps going up.
I guess if the markets are going to 6500 then that fund could go nicely, but I dont see the value with the market being down almost 50% from the highs.
It might be too late to do this. October would have been a nice month for you to start this. Typically October tends to be very rough on the stock market. In contrast however, the first few days of January the market tends to do very well. Maybe you should target the New Year as a time to try and gamble, although I would not use an Inverse ETF at that time. Right now though, no one seems to really know what the market is going to do so it's hard to offer advice on what to buy right now.
It might be too late to do this. October would have been a nice month for you to start this. Typically October tends to be very rough on the stock market. In contrast however, the first few days of January the market tends to do very well. Maybe you should target the New Year as a time to try and gamble, although I would not use an Inverse ETF at that time. Right now though, no one seems to really know what the market is going to do so it's hard to offer advice on what to buy right now.
One thing to keep in mind- if you plan on trading in and out of positions on a regular basis ( I may be in and out of an ETF 2 or 3 x in a day ), I think you will need 25K to continue. If you are in a leveraged bear position, and your minimum isn't there- you could get caught having to sell or at least not being able to continue trading. If you're buying for a swing trade or planning on holding days at a time, you should be fine- not sure I would play a 3x short for days though. Some of the guys with a bit more knowledge here might be able to better explain what I have written.
As to where to set up an account- I have been very happy with Scottrade, but I'm sure others have had equally good experiences with others.
One thing to keep in mind- if you plan on trading in and out of positions on a regular basis ( I may be in and out of an ETF 2 or 3 x in a day ), I think you will need 25K to continue. If you are in a leveraged bear position, and your minimum isn't there- you could get caught having to sell or at least not being able to continue trading. If you're buying for a swing trade or planning on holding days at a time, you should be fine- not sure I would play a 3x short for days though. Some of the guys with a bit more knowledge here might be able to better explain what I have written.
As to where to set up an account- I have been very happy with Scottrade, but I'm sure others have had equally good experiences with others.
OK, i got my withdrawal, and see in the meantime TZA is down to 77.80 pretty much down 50% since i made this post. Am i crazy to think that this might be worth the gamble? I subscribe to theory that market won't bottom until closer to 6000. remember, i'm not an investor, just a gambler, looking to gamble some sports winnings in the stock market
OK, i got my withdrawal, and see in the meantime TZA is down to 77.80 pretty much down 50% since i made this post. Am i crazy to think that this might be worth the gamble? I subscribe to theory that market won't bottom until closer to 6000. remember, i'm not an investor, just a gambler, looking to gamble some sports winnings in the stock market
i think you would do better on riding an up move rather than buying a short etf and waiting for the "big one". problem is you cannot pick bottoms, wait for the rally to be confirmed (even if its for a day) get in and out
two days ago, got me some AA at 8 ish...ill sell at 12. the world's aluminum at 8 bucks a share is ridiculous on so many levels
i think you would do better on riding an up move rather than buying a short etf and waiting for the "big one". problem is you cannot pick bottoms, wait for the rally to be confirmed (even if its for a day) get in and out
two days ago, got me some AA at 8 ish...ill sell at 12. the world's aluminum at 8 bucks a share is ridiculous on so many levels
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