Nobody who isn’t a very very experienced trader should be trading something that moves at three times the pace of the underlying market or commodity. You’re a fool to give people that advice
Anyone reading this please, please ignore him.
Nor should they get involved in "shorting."
I've more than doubled my retirement on this and am now playing with house money. This genie is not yet going back into the bottle.
Most people I know have sat and watched their portfolios collapse... except for a few politicians...
We are clearly in a bear market. A Black Swan - if you will; and this is an AntiFragile position. I got in at 12... this mess is far from over.
THIS IS NOT INVESTING ADVICE - just pointing out a potential opportunity if you have the stomach for it.
Excellent Advise
I can handle 1 or 2 quarters for divs and interest to reinvest at the bottomed out prices.