Thursday, January 01, 2015 1:36:16 PM
This may seem to be too good to be true, so here is the catch. These funds are designed to decay over a structured period of time. The goal is get in and out within short periods of time so you can lock in profits. If you buy and hold a Leveraged ETF for a long period of time, YOU WILL LOOSE YOUR MONEY!!!
For example, if you enter and exit $SPXL with a profit (over a period of a a few short weeks), the short term profit you likey earned should overshadow the short term rate of decay. At this point, you may want to consider entering the Inverse $SPXS, you will be entering this at the current decayed value. Once market conditions reverse again, it's time lock in profit and exit $SPXS and enter $SPXL.
Any comments I make represent my opinions only. My opinions are based on facts I am aware of at the present time. As facts change (as they often do), so do my opinions.
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM