Velocityshares 3X Long Natural Gas ETN (UGAZ)

[LastHand]

Started to take position at 2, hoping will have a chance to average down to 1.90ish, but also don't want to completely miss out on expected run. Definitely an ugly daily dingle-berry (pin bar) for today but don't think there is that much left on the downside, will see.

I've held most of the 2x/3x ETNS (UWTI, DWTI, UGAZ, DGAZ, UCO,..) overnight, even weeks. In fact, my big wins are definitely the positions that I held for days. There are also a lot of intraday trades as well. The biggest issue is the decay in all of these ETNs, although doesn't really affect the investor that holds up to a few weeks.