Thursday, January 01, 2009 1:56:14 PM
Looking back at 2008, the ETF that I had the most success playing with was HGU on the TSE. (2X bull)
HXD.to (2X bear) came in a solid second.
I also had success with USD
and UYG
Everytime I played with UNG or HNU.to (2X bull)
I lost money. I just couldn't get the timing right & I had all kinds of risk management problems with that particular commodity.
I would of had far greater success if I had played the Bear ETF's more frequently & aggressively.
As it is I did okay in the worst bear market since 1932. Having survived & making money on the way, while so many others perished puts me in a very good position to pick up some really good deals in 2009.
HXD.to (2X bear) came in a solid second.
I also had success with USD
and UYG
Everytime I played with UNG or HNU.to (2X bull)
I lost money. I just couldn't get the timing right & I had all kinds of risk management problems with that particular commodity.
I would of had far greater success if I had played the Bear ETF's more frequently & aggressively.
As it is I did okay in the worst bear market since 1932. Having survived & making money on the way, while so many others perished puts me in a very good position to pick up some really good deals in 2009.
...You don't understand! I coulda had class. I coulda been a contender. I coulda been somebody, instead of a bum, which is what I am.. Marlon Brando 'On the Waterfront'.
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