What's your take on these?
Consider a hypothetical scenario where you think the stock (or sector) has bottomed and there's no chance it will go any further down. How would you make the most of upper movements? Is a 3X ETF a good idea there?
Finally, I wonder if there's any 3X ETF for Oil? A quick google search revealed an ETF called "Direxion Daily Energy Bull 3X ETF (ERX)" but I'm not sure how correlated it is to the energy/oil prices.
Consider a hypothetical scenario where you think the stock (or sector) has bottomed and there's no chance it will go any further down. How would you make the most of upper movements? Is a 3X ETF a good idea there?
Finally, I wonder if there's any 3X ETF for Oil? A quick google search revealed an ETF called "Direxion Daily Energy Bull 3X ETF (ERX)" but I'm not sure how correlated it is to the energy/oil prices.
3X ETFs
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