Replies to post #16898 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[TmRyan]

Thanks for your reply...

when I read the prospectus and from other input from board members, there seems to be a concern to only hold this for a day or so, yet it seems like it would be good to just wait for a big uptick. am I missing something? are there daily charges?
Thanks

[TheTrader72]

Wise move! I had 13.77's in hand and got shaken on last weeks report. Sold low $15 on the shake and looked for a spot to get back in. Day trader mentality. Well I did get back in at $16.10!!!! On this particular play I would have been better off leaving my 13.77's alone until May/June ish. Hi end sight is always 20/20 though. $UGAZ