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Direxion Daily Financial Bear 3X Shares Message Board

  • yinke66 yinke66 Apr 24, 2009 4:08 PM Flag

    Here is a true FAZ story

    I liquidated all my brokeage account positions today. I took a $150K loss in less than two weeks. In the past two week I felt like a total wreck and could not focus on anything. My wife was understanding about my loss and simply suggested me to pull out when my loss was $100K, without blaming me. Instead of taking her advice, I gambled for 1 more week and lost another $50K. Now I feel totally useless and helpless after all my hard savings are gone. This is a badly manipulated market and our odds are worse than Vegas, not to mention commission cost on top. So I urge you, no matter you are making money or losing money (I was once up 140% in my account), stay away from the market or at least from these leveraged ETFs cause they will one day eat you alive.

    Amen.

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FAZ
16.96-0.15(-0.88%)Aug 20 4:00 PMEDT

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