Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Schneidku40]

Eek why didn't you take your loss sooner? These leveraged ETFs aren't usually something to hold onto for very long. I just accept the loss and live to fight another day when I have a better handle on the trend. If you lose 10%, you only need to reinvest that money and get an 11-12% return on the next investment to get your money back. But if you lose 50%, you need a 100% gain on the next investment. 11% is much easier to achieve than 100%. Averaging down in DGAZ worked for me the one time I did it but I was real nervous the whole time. Good luck. I do think UGAZ goes up from here at some point before winter is over.