aspen4ever

Ultra ETF Promises Fall Short

Fitz919 - I completely agree with your/our ETF trading strategy. Do you have a website or another way I can contact you?


On Feb 11 07:58 PM Fitz919 wrote:

> I've been using leveraged ETFs for nearly a year now. These are the
> most perfectly designed day trading tools ever invented. If all you
> want to do is make money...then here are the rules. Never hold one
> overnight. Once you buy one, prepare a market order to sell it, and
> leave it on your screen. Do not leave your computer screen, because
> if it starts to fall you have to sell it instantly. If it rises hold
> on for a gain. Sometimes the gain will be small, and sometimes the
> gain will be huge. Since these ETFs come in pairs which are mirror
> opposites, whenever the market changes directions, if you are fast
> enough, you can sell one and buy the other. There has never been
> a more perfect way for a day trader to make money every single day
> the market is open.
>
> These are a poor tool for an investor, and a poor tool for hedging
> a portfolio. Sure you can get lucky and have things go your way for
> a while, but you'll always get burned really really bad eventually.
> If you follow what I said above you'll never get burned. You will
> have a few tiny losses...maybe every day if you trade dozens of times
> per day, but they will be dramatically out weighed by your gains.