I've made a few dumb investments in my time, but thanks for making me feel better because I could never top this.
You picked an ETF that magnifies the gains and losses by 3 fold (3x). This is a hugely speculative ETF. This is called a leveraged ETF, meaning the gains and losses 3x more or less than the underlying basket of stocks. Not an ETF for a beginner. Additionally you picked it in a very volatile sector gold mining.
I'm new to trading so I will just a highly leveraged undiversified investment. What were you thinking?
You know that this is a "Bear fund" as well which means it goes up when the shares in it go down?
Im new in trading, and im in a bad luck these past 3 days for buying ETF $JDST, the stock has dropped more than 40% in the past few days.
Here's what i understood. $JDST is a passively managed fund. Since its an ETF, it has basket holdings. Few of the top holding are: Semafo Inc, Primero Mining Corp, OceanaGold Corp and more companies.
Here's the screener https://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml?symbols=Jdst
I did checked all the individual company stock today and yesterday, all of them are Bullish (increase more than 5%). But why the fund $JDST drops around 20% just today alone???
Plz help.. Thanks.