nutty buddy

Understanding Triple Leveraged ETFs

Thanks for the explantation.

I concur with your reasoning, because I went long BGZ triple short and watched a quick 3% the first day evaporate into red for the next 2 months due to sideways action - not even a significant upswing. It took the March plunge to bring me into the green, but by then I was so relieved that I pulled my position and missed the really big move. You would have thought I learned my lesson, but I'm long BGZ again on the expectation of resistance at the 8200 level. I was happy the first day - now I'm steeped into the red el quicko. Hopefully, there's another bottom forming to save me again. (I learned my lesson - honest!)