Proshares Ultrapro (UDOW)

[TN Trader]

I bought this in the mid 90's a while back. Because I am down so much, I'm just going long hoping that I can hang on till it gets over a hundred. I am encouraged to hear you say that it will go over 100 again. I cannot day-trade it because I have no money left not even to buy while it's down. Now that I understand it, I will hold it until I can sell for a profit wait for it to fall again and buy it again. What are your thoughts on all this?