Direxion Daily Natural Gas Re (GASL)

[Spanky227]

3X leveraged ETF's will decay over time especially in a sideways market. As long as oil and gas keep moving higher the return here should be stellar however if things go sideways for a few months the decay will erode any gains. As long as oil stays in this upward channel it's been in since mid March I will keep trading the bullish plays UWTI, GASL & UGAZ. If it breaks resistance on the down side I will trade the bearish plays DWTI, GASX & DGAZ and wait for the next bounce to buy the bullish plays again.

Buy and hold can work when a huge market move happens, just look at FAS. Buying at the lows of the bear market in 2009 would have been around $1.50. Today it's $127. Not much decay there was there?