The [LINKSYSTEM_77924409] system trades short SSO and UPRO (2x and 3x leveraged S&P ETF’s). There have been a few issues recently where certain accounts cannot take these trades as account does not allow shorts (i assume 401k?) or trade has been missed due to no shares being available to borrow to sell short. So do people who trade these products have a preference as to which method to get the short exposure, short SSO vrs long SDS.
Any preference or any other feedback?
Regards
I’m auto-trading your system at TradeMonster and just encountered the problem you mentioned: SSO shares were not available to short. So, I’d much prefer to get the short exposure through a long position in SDS.
Cheers,
Daniel
I too could not participate in the recent short SSO trade because MB Trading had no shares available to short.
I’m aware that its sometimes advantageous to short SSO rather than go long SDS but I think the benefit is minimal for short trade durations. More importantly, if I can’t take all the trades of the system, then I would probably unsubscribe.
Thanks for bringing this up in the forum!
thanks for the replies.
The system will no longer trade short UPRO, SSO or SPY. Instead, for the reasons stated in this thread, any short exposure will be gain by going long either SDS (x2) or SPUX (x3) inverse sp etf’s.
