new Triple Leverage ETFs Maximize Market Directions

[mattjames1]

http://www.etftrends.com/2008/11/triple-leverage-etfs-maximize-market-directions.html

These look like fun things to trade. Not for the faint of heart however. I'm looking at the energy and the financial 3x. I wonder if you can use margin to buy these. I don't have a m. account. But it could offer big returns.

[Bolimomo]

The volume of these new ETFs seem light.

Financial Bear:

FAZ: 1.1 million

Compared to:

SKF: 21 million

Prices are comparable. When you are wrong, hard to get out. I would rather trade the most liquid ETFs.

[mattjames1]

They will get more popular with time I predict. They seem like a great product if they work as they say they do.

[aiki14]

In the current volatility environment, these things are gonna kill a lot of newbies. I saw the SKF moving 50 points in an hour yesterday, 25% moves on a $200+ ETF, that means the triples would move 37.5% in that same hour. Better not blink, or hold overnight.

[mattjames1]

I think they present a great vehicle for long term investment. It's a fact that most mutual fund managers can't beat the dow or s&p. If I put money in a few of these the next 10 years I should trounce the market provided that the etf is still in existance.

[fbm]

I've been trading these since about a months or so ago when they came out. I am definitely a newbie also. I know I shouldn't be trading these because of the risks involved, but if I lost it all tomorrow I wouldn't be short on bills, it's expendable money. I've also made profits in all of the etf's I traded so far only holding for about two or three days each. It's exciting seeing how far up and down these go in one day. Great reward goes with great risk though.

[mattjames1]

You could make a lot of money trading these with ptd margin.

[psychOnAcycle]

wow! ERX 20% one day (energy)...nice move on a $2 rise in crude...imagine a long position on this one, crude back into the $100 range would be mental income, nice find on 3x funds....howeer be careful not trading these on margin, they could kill you if cant get out in time...ERX afterhours is down 9% (thats pretty fast) considering DIG (double energy) was flat after hours, but up10% today....still great pice of info thanks...i might use these when i feel like i can roll a good set of die ;)