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BetaPro Silver 2x Daily Bull ETF T.HZU

Alternate Symbol(s):  HZMXF

HZU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times 200 Percentage the daily performance of the Solactive Silver Front Month MD Rolling Futures Index ER the Underlying Index, Bloomberg ticker SOLCSIER. HZU is denominated in Canadian dollars. Any US dollar gains or losses as a result of the ETFs investment will be hedged back to the Canadian dollar to the best of its ability. The Fund If HZU is successful in meeting its investment objective, its net asset value should gain approximately two times as much on a given day, on a percentage basis, as its Underlying Index rises on that given day. Conversely, HZUs net asset value should lose approximately two times as much on a given day, on a percentage basis, as its Underlying Index declines on that given day.


TSX:HZU - Post by User

Comment by Umpatanon Jan 26, 2013 8:39am
129 Views
Post# 20893688

RE: RE: RE: Sell now!

RE: RE: RE: Sell now!

It stands for Technical Analysis.  Sir, if you are trading without studying technical analysis, I suggest you sell now, but DO NOT short trying to play fibonacci pinball but buy back in when there is a large breakout on large volume.  There will be a slight pullback and at that time, you should begin to dollar cost average your way up.  Around 50 or so, try to sell enough to get your principle back, and ride the profits up to 60 or so.  Also you should as a beginner trade with the larger time frame in mind, and not try to focus on the daily charts. While I do recommend some people to buy the inverse HZD until silver hits 28 an once, I feel that beginners should avoid this as you can get whipsawed in the market, and I would strongly suggest you sit on cash. You should know that any start of a major rally will always begin with buying on HEAVY VOLUME.  If all of this is still unfamiliar, I will say wait until silver goes to $35.00 an ounce, then buy in, and jump out a bit early selling enough to get all of your principal back at $50.00 and let your profits run.  You get in a bit late, and leave a bit early.  You cannot go wrong if you play this way.  And, DO NOT SELL UNTIL IT GOES TO 50 trying to scalp extra by selling and trying to buy it back lower. 

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