mkttrdr

Doubling One's Money in 7 1/2 Months with Triple Leveraged ETFs?

TNA and TZA trade like stocks but beware if your on the wrong side or hold too long on the " hope im right " factor.

The trend is up as long as the FED and Wh keep pumping money into Goldman from "off shore accounts". So any downside is limited. A break is overdue but may wait for bad news or late OCT-3rd qtr. Good luck.


On Jul 22 10:02 AM oldman wrote:

> what is the average returns for a day trader and how many trades
> are made weekly, monthly etc?
>
> I have a friend who started day trading the TZA 3x bear and TNA 3x
> bull. What's his chance?

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