Triple leveraged ETFs are only to be day traded or short term swing trades.
These 3 x ETFs love people that tarse long term they just steal your money
Some one said something correct UGAZ trading or DGAZ is an hour trade because HFTs are constantly looking to knock out and murder long or short positions. So for example right now end of day they see too many retail going long DGAZ then they will go long with UGAZ. The algorithmic formulas have them going back and forth seeking out retail prey and going for the kill.
Trading after 230pm has been very high risk. Algos could take UGaz from 2.18 to 2.22 or they could go from 2.18 to 2.15. They will play the contrarian game for sure. Don't like that Algo trading after 230pm
Think like an Algo which is contrarian. The next problem you have is that you have to daytradr according to algorithmic patterns and pricing. Tomorrow is another day they could have UGAZ at 2.30 or 1.90. Let's see where they take it. Trading inventories and trading the lottery are about the same.
After 230 Algos will tank UGAZ in accordance to algorithmic patterns
Algorithms say its a Polar Vertex at 230pm as weather gets warmer they send UGAZ higher and DGAZ lower they have been playing this same 230 pm game for months
Government corruption has become rampant:
Senior SEC employees spent up to 8 hours a day surfing porn sites instead of cracking down on financial crimes
Nuclear Regulatory Commission workers watch porn instead of cracking down on unsafe conditions at nuclear plants
NSA spies pass around homemade sexual videos and pictures they’ve collected from spying on the American people
NSA employees have also been caught using their mass surveillance powers to spy on love interests, such as girlfriends, obsessions or former wives … and to eavesdrop on American soldiers’ intimate conversations with their wives back home. And see this (“routinely shared salacious or tantalizing phone calls that had been intercepted” … “‘Hey, check this out … there’s good phone sex’”)
An employee of the Transportation Security Administration admitted that TSA agents share – and laugh at – nude scans of passengers.
Algos you have done a fine job today.
Actually what it shows is that the SEC is a puppet of the wealthy and powerful HFT lobby, which has made a mockery of markets ever since the passage of Reg NMS, and which has been given free reign to manipulate anything and everything however it wishes: manipulation which, as described here first 6 years ago and most recently, by Michael Lewis, is now obvious to all investors and explains why the general public has decided to fully boycott the capital markets knowing quite well that it, and nobody else, would be the sucker when the Fed pulls the rug from underneath both carbon-based traders and vacuum tubes.
Algos are predictable folks they bet contrarian as I keep on telling you. Polar Vertex and algos thanks.
As usual pattern hits and 230pm approaches Algos will push this to 2.20s
Report HFTS and Robots to SEC. You people have jokes. HFTs run the SEC and tell then what to do. They lobby billions of dollars the SEC way to do as they please. Just trade with the HFTs is all you can do. Money and HfT Congress Lobbyists talk bs walks.
Usual predictable pattern By 230pm today Algos will run this up to 2.20s. Whatever the range is Algos run UGAZ up every day by 230pm
back out at 2.22, had averaged some in at 2.14 about 30 minutes ago. So looks like new trading range 2.12 to 2.25
let's give a quick DGAZ lesson it is stalled at 7.50 to 7.80 range for the last week. Long tern holders make nothing whether on UGAZ or DGAZ long term trade. Now the Algos and HFTs invoke nice price swings and vvolatility on DGAZ or UGAZ every day. Yesterday you could have bought DGAZ at 7.50 and easily traded out at7.70. DFaz and Ugaz have had beautiful price swings everyday for making lots of money day trading.
Day trade is where you make the bulk of your money on DGAZ or UGAZ as the way Natural Gas Contracts get reset every day is a murderous play for a long term decadent trade.
90% of Natural Gas trading done by Machines and Algorithms and end game is to steal money from the 10% retail traders. Easily done as Algos take contrarian views if people think price of Natural Gas should be going down then Algos will take the position that it should be going up and squeeze retail traders out of trade like a boa constrictor terminating its prey. To be successful in Commodity trading you must ride the tailcoat of HFT machines and Algos or you will perish.