Talk Your Book: Positive and Negative Compounding: Trading Direxion Leveraged ETFs
Animal Spirits Podcast
The Compound
4.7 • 2.1K Ratings
🗓️ 16 March 2020
⏱️ 30 minutes
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Summary
Transcript
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| 0:00.0 | Today's Animal Spirits Talk Your Book is brought to you by direction. |
| 0:04.3 | Welcome to Animal Spirits, a show about markets, life and investing. |
| 0:09.6 | Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching. |
| 0:16.0 | Michael Batnick and Ben Carlson work for Rit Holt's wealth management. |
| 0:19.6 | All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not |
| 0:24.5 | reflect the opinion of Ritt Holt's wealth management. |
| 0:27.1 | This podcast is for informational purposes only and should not be relied upon for investment decisions. |
| 0:32.2 | Clients of RITOLts Wealth Management |
| 0:33.5 | may maintain positions in the securities |
| 0:35.2 | discussed in this podcast. |
| 0:37.4 | So we sat down with Dave Maza |
| 0:41.0 | to talk about direction, to talk about their products their future and this is |
| 0:47.2 | definitely one of the more interesting fun families out there would you agree? |
| 0:52.0 | Yeah I thought this was probably one of the bigger |
| 0:54.4 | myth-busting podcasts that we've had because I think after talking to Dave there I changed my mind |
| 1:01.0 | on a lot of the ways that I look at these products I think. |
| 1:03.6 | Well I think especially because whenever you read about their products it is always in a negative light |
| 1:10.0 | and I understand why and listen I was steamrolled I all admit I lost some money trading these things |
| 1:16.3 | What was your triple inverse bearish financials or something so I started trading these things in 2010 and I was buying the triple levered bear |
| 1:26.1 | financials. The only problem is the bear market already ended and nobody told me. |
| 1:31.2 | You're a little late. But Dave was very upfront and |
| 1:38.3 | honest about the way that these should be used and how they're tactical |
... |
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