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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Comment by whodathunkiton Jan 24, 2010 12:26pm
199 Views
Post# 16712698

RE: 8 out of 10

RE: 8 out of 10I think it fair to say most people lose money but unless you have statistical numbers your 8 out of 10 is an opinion not a fact.

I come from the school of learning the hard way regarding this ETF.  I lost money the first 5 months I was in it but I've been clawing my way back over the past 2 months.  All things being equal and if I don't make a major mistake then I should be back to even by mid to late Feb.  After that,  I might stay or I might go.  It just depends on the situation at the time.  I am typically a buy and hold long term type of investor.  I'm in this ETF to add a little spice to my life.

One of the questions that keeps getting asked is how so many posters can be D or U at any given time based on the future.  From my perspective it's not about the distant future but about the next couple of days.  Rarely does anything go in a straight line in one direction.  It bounces and that is why I can be D today and then U for 2 days and D for the next type of thing.  It's simply my gut feel as to where the next days price will go.  After a couple of days run up in the price of NG and the next couple of days the news will be negative (as in Thursdays number will be low and the still current warm weather) so I'm gambling that the price will dip a little.  That's why I'm in D now.  The longest I tend to hold now is 2 to 3 days.

Cheers.
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