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Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (87648)	8/9/2011 11:08:40 PM
From: Chunger	Read Replies (1) \| Respond to of 233786

When trading leveraged ETF's one needs to be on guard at all times. Especially 3x leverage like direxion ETF's. I myself would not go near these unless i'm pretty certain that the market will move in one direction or the other. Although i have held overnight once or twice, i certainly would not advise anyone to ever play with these any longer than an intraday basis for sure. Also one must be very confident (of which i am) to even consider leveraged ETF's under any circumstances........period! These are not for the faint of heart. Cheers and happy trading with minimal levels of stress to all! lol