Hi all, I had some good success in 2015/2016 playing with Boost’s 3UKL.L (3xFTSE 100 return) and the opposite/short version (3UKS.L).
However I got caught out and my bets on 3UKS.L (3x shorting the FTSE 100) in Dec 2016 did not pay off as the market surged ahead past 7,000 to its recent peak and i was carrying heavy losses.
However with the FTSE 100 now back to the level where I purchased the 3UKS.L, I would have expected to be close to break even. However I’m sitting on 20% losses which I can’t get my head around!
Could anyone explain to me as the logic has more or less worked in 2015/16. I can understand a few % difference but not 20%.
However I got caught out and my bets on 3UKS.L (3x shorting the FTSE 100) in Dec 2016 did not pay off as the market surged ahead past 7,000 to its recent peak and i was carrying heavy losses.
However with the FTSE 100 now back to the level where I purchased the 3UKS.L, I would have expected to be close to break even. However I’m sitting on 20% losses which I can’t get my head around!
Could anyone explain to me as the logic has more or less worked in 2015/16. I can understand a few % difference but not 20%.
Last edited: