L&g 2xs Fts100 Discussion Threads

[miguelh21] 21/2/2013 18:47

You cannot hold it for to long a 1-2 weeks max in a down market also depends what you start with

[stopps] 21/2/2013 17:26

Its very profitable for the providers. Lol

[buffett100bln] 21/2/2013 14:27

Waste of time this.

Bingo has better odds

[miguelh21] 20/2/2013 21:07

Should come into play tommo

[chillwill] 15/2/2013 14:07

Just bought a few as a hedge. I don't think the ftse has quite topped but if I can dump these for near 2600 on a bit of a retrace I'd be happy.

[mali7] 14/2/2013 10:25

and now back to 2400...any FTSE correction and this will lift significantly...watch this space...I think soon by Mar will have it slowly...patience!

[fxscotland] 13/2/2013 12:46

sub 2400....just great

[mali7] 13/2/2013 10:52

Bought some more today....hedge against a toppy market....

[buffett100bln] 11/2/2013 16:44

yep, probably a fairly good buy in time is now.

Probably.

[crapcrap] 07/2/2013 15:50

bought my first lot ever a couple of days ago when the macd changed to +ve.
@ 24.76 . lets see how it pans out.
i will sell when macd changes to -ve.
best regards
cc

[mister md] 07/2/2013 15:46

mali7 - I also dabble in DS2P occasionally - its complicated further by pound:euro conversions though so on some days you get seemingly odd results

[mali7] 07/2/2013 13:23

Another example:
I recently bought DS2P (double short DAX, also knows as DES2) on 06/DEC/12 at £19.87 when DAX index was 7540

Now we all know DAX went higher and is still higher!

However on 06/FEB/13, I sold this holding at profit at £20.75, even though DAX index was above 7550+ (obviously u need to trade with some size)

Now a spreadbetter would never make this profit??? it would still show as loss + finance costs etc

To be honest I cant explain how this ETF is worked out, but I got a profit (ie was on right side) so who cares!

[kaffee] 07/2/2013 06:44

>>gleach23 5 Feb'13 - 20:37 - 1901 of 1905


And LUK2 is up about 26% in that period so at least one of them works !! Guess you have to be on the right side of the coin.

[miata] 06/2/2013 14:07

That is a very valid question.

To me the main answer is being able to use stops that don't get spiked out of hours by 'bookies'. They know where you set your stops and know they make a profit taking them.

The leverage means it moves more on relatively stagnant days giving you more chance to get in and out.

If you are dealing in reasonably large amounts you can set limit sells and buys within the spread and they mostly get taken which means that you pay less in spreads than with some spread bet companies.

[gleach23] 06/2/2013 13:26

mali7 - so what would you say is the benefit of holding this product short term vs a spreadbet short on the FTSE, apart from being able to stick it in an ISA (if indeed that is a benefit)?

apologies if this discussion has already been had on this thread :)

[mali7] 06/2/2013 11:16

Warning: This is definatley only a short-term product!

Please this is not a buy and hold share!

[stopps] 06/2/2013 09:58

Gleach thats one horror story but as you say I and others have warned about this product before on this thread.

[gleach23] 05/2/2013 20:37

Think i'll start to build up a position here too but will definitely take a short term view. I don't pretend to be at all sophisticated about this product and it's interesting to read some of the posts on this board about it not being for the longer term.

I took out a small stake in 2010 in what I thought seemed to be a sensible move as a hedge against my portfolio and I still have it. The result so far has been -

Start 27/09/10. Bought SUK2 at 48.816 when FTSE was about 5600
Today. SUK2 closed at 24.59 to sell and FTSE is 6282

So, my SUK2 has halved in that time whereas FTSE is up 12%. When I bought I would expected to have been 24% down by now but no, I'm down by more than double that.

I don't know what the maths is over that time but that's some drift!

[mali7] 05/2/2013 16:44

Hi Everyone,
Finally bought a first batch of these today!
Lets see what happens....and how long bulls can carry on...

[muffinhead] 04/2/2013 10:40

I use unleveraged XUKS

Head and shoulders target ~640

The weekly gaps to fill are pretty obvious

[buffett100bln] 02/2/2013 20:13

Sure you are miata!
Look there's no harm admitting you're massively under water here.
You might not be trading but then that would mean taking the loss huh?
Anyway. Market will tumble hard at some point, then you'll claw it all back and a lot more no doubt.
Personally this vehicle is like trying to put the pin on a donkey tail blindfolded. A complete rip off.

[stopps] 01/2/2013 23:49

pell,lol says it all really!

[miata] 01/2/2013 21:17

Fortunately I am on holiday and not trading.

[pelleeds1980] 01/2/2013 20:11

Not one post on LUK2 since October