Isn't that a classic long?
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@Migu11 The Silver 3x Daily Leveraged is indeed a long product.
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@Eliasmrll Yes, but the 3x Daily makes it very different. A completely different product for me...
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•@Migu11 Let's get straight to the point: what do you think makes a "classic" long product?
That it has no leverage? That you can leave it for 10 years?
In the stock market, long simply defines the positioning in relation to the market; I am betting on rising prices. We both know that a 3x Daily is a trading instrument and not a bond certificate because of its path dependency. But at the end of the day, it is and remains a long certificate. Just because the holding period for leveraged products is usually shorter doesn't change the direction of the bet.
That it has no leverage? That you can leave it for 10 years?
In the stock market, long simply defines the positioning in relation to the market; I am betting on rising prices. We both know that a 3x Daily is a trading instrument and not a bond certificate because of its path dependency. But at the end of the day, it is and remains a long certificate. Just because the holding period for leveraged products is usually shorter doesn't change the direction of the bet.
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@Eliasmrll yo, all good... perfectly explained!
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