ProShares UltraPro Short QQQ ETF (SQQQ)

[luckydude777]

I do but I don't use margin.

Got my butt burned on it back in 2003. Took roughly $150,000 and turned it into $1.3 million dollars in four days flipping Boots and Coots International the third week of March (The week Prez. Bush and his team decided to take out Saddam).

Lost ALL of my $1.3 mill in about 1 hour on the fifth day of trading the stock. MM's pulled the plug on it and good old Amerit**de took me to the cleaners. Ended up not only losing my original $150,000, but ended up paying the broker over $4,000 in margin interest.

Amtd wiped out all my transactions on the transaction page minutes after the fiasco unfolded so I had no proof of what happened. Hence, couldn't win a lawsuit.

Understood the same thing happened that day with many traders who played Boots and Coots International that day. Allegation was that the servers got overloaded and couldn't handle all the exiting trading traffic. Nothing was ever officially admitted.

Won't EVER trust Margin trading EVER again.