Recently, my little buddy @jeffreylin visited the Trader Expo with our friend and standout trader @buyonthedip. We have a great video shot showing ZERO interest at the Direxion 3x ETF table. It would seem investors/traders have been slammed by yet another product as the 3x and 2x ETFs have been about as healthy as eating prosciutto from Pastosa in Brooklyn, smoking Marlboros and drinking Don Julio tequlia (has to be Anejo) at the same time. What is the shakeout for traders?

1. Get back to using the good ol’ 1x ETF

2. You need to adapt to varying levels of volatility in the market, and adjust your trading accordingly. Higher volatility will allow for more daytrading, and lower volatility will stress the importance of capturing moves over longer time frames. So move adroitly between higher leveraged products as the market offers you different looks.

3. Forget making leveraged bets with inadequate products like the Direxion funds and utilize the protection of options and option strategies: see @optionmonster @agwarner @stevenplace

4. The popularity of ETFs will ultimately make for some very compelling opportunities for names that are not in any particular product, but in sectors that are outperforming in either direction.

5. Eat more, Smoke more, Travel more…be merry more…hey, if Armageddon is coming, I’m not thinking SlimFast…but LiveFast. I know the world is awash in gloom, but you must try your best to still enjoy yourself and those around you. After all, life is a decaying option….get your kicks in before expiration…holla!!