In this [RXD | A Leveraged Inverse ETF to Short Health Care] video 🎥, we will be focusing on a 2X leveraged short healthcare ETF, RXD, which I recently discovered. With the healthcare sector experiencing an overly exuberant run, I was looking for a way to short the market and came across this powerful ETF.
As you can see, RXD is a 2X leveraged inverse ETF, meaning it provides double the inverse daily return of its benchmark index, the S&P Healthcare Index. This allows for a higher risk-reward profile, with the potential for greater gains in the short-term. Currently, its risk-reward profile is at a balanced level, with the risk being 1.3 times the reward.
Let’s take a look at the performance of RXD compared to its own index and the market in general. As you can see, RXD is currently down, indicating a rise in the healthcare market. However, this ETF also offers some positive points, such as a small dividend, option trading, and decent upside potential.
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📖 CHAPTERS 📖
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00:00 – RXD
02:32 – BeachBum Trading Sites
03:20 – Discord Invite
📈 TRADING PLATFORMS 📈
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#BeachBumTrading #rxd #healthcaresector
📝 REFERENCES 📝
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📝 Weekly Trading Game Plan Notes for 1/15 – 1/19/2024 – Part 1 👉 https://docs.google.com/document/d/1kDDjgAznG8rxGgFMF8nkDmMDkr0LDGJN8whb83Lv85Q/edit?usp=sharing
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