XRTrader

Leveraged ETF Performance YTD

Although not for long term holding, i disagree with the statement made by OneFamily'sBlog that these triple ETFs are "(not suitable for anything more than a holding period of a few days or for intra-day trades)..."

In fact, FAS (3x financial bull) was near 2.50 on March 5. At the time of this writing (nearly 2 weeks later), FAS is near 6.30 (well over 100%). Obviously, hindsite was 20/20 in this case, but i think for periods of up to 6-8 weeks, this is a powerful trading vehicle to play "trends".

disclosure: long FAS and FAS calls.