mkttrdr

Leveraged ETFs Have Become a Day Trader's Dream Come True

These tools are not much different than any other option. Time is not on your side w/ bgu or bgz. They lose value and do not grant the intended results. You will not get 3X the move of the markets.
You must be right and be short term in your trades. Lereraged trades can get you back to zero quickly; or negative. Break down your trading to weekly or even daily to get the intended benefit; but you better be right.
Long bgz for Aug 31-sept 3