Reverse Splits and Trading the 3x ETFs
I know many of you like to trade the 3x ETFs, especially FAS and FAZ. Today, FAS will be trading with a 1-5 reverse split and FAZ will be trading with a 1-10 reverse split. One of their goals is to lower the trading costs through these reverse splits. They’ll do this by the spread percentage likely being lower throughout the day. This is a proactive move on Direxion’s part and it continues to show that the Direxion Funds are geared for professional traders, especially professional day traders.
Special Note – We’ll be conducting our next Day Trading for Success Program next Wednesday. The first time we conducted this Program was very successful and we received excellent feedback from the traders who participated.
The Day Trading for Success Program is done in three parts over a two-month period of time and teaches you how to systematically day trade. The cost of the program is $8500 and if you’d like to learn more information on it we’re having a live online presentation today (Thursday) at 4:30 pm ET.
To register for the free presentation, please call 1-213-955-5858 ext 1. or click here. This Program is strictly limited to 15 traders and the previous class sold out.
Larry Connors is CEO and Founder of TradingMarkets.com and Connors Research.