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Leveraged ETFs Have Become a Day Trader's Dream Come True [View article]
You need to sell when the ETF goes up more than the underlying index and to buy when it does down more than the underlying index.
On Aug 31 12:39 PM mkttrdr wrote:
> 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