My recent long position in the Direxion 3X Financial Bull ETF (NYSE:FAS) was one of my more successful trades of the year. But it was stupid, and not because of the leverage.  I knew it was a leveraged bet.  That’s exactly what I wanted.  But I also knew that I was going to keep the [...]

The trader’s sweetest dilemma is what to do with a position that moves strongly and quickly in the right direction.   With  the Dimension 3x Financial Bull ETF (NYSE:FAS) up over 85% since I wrote about it Monday night, do I take profits or let it ride?  I’m leaning towards taking profits, though I have yet [...]

Today, the Dimension 3X Financial Bull ETF (NYSE:FAS) traded nearly 300M shares.  That’s pretty amazing for an instrument that didn’t even exist a year ago.  Forgive the style drift — I know its hardly a microcap.  Though net assets are down to $320M (per Yahoo!), the ETF attempts to replicate on a leveraged basis the [...]