RE:They should close this etf downfundtrader wrote:
just looking at the history...only 5% gain for all year in one month while over 1000% losses for the rest of the months..my guess is guys have lost over 400m plus trading this junk
My guess is 90%+ lose money. This is a leveraged etf. It's not meat for traditional investment, it's meant for short term trading. Hence why most of us lose money. Except this week there was a situation that I've never experienced before as I have been trading Horizon leveraged ETFs for few years, and it was just bad luck. At least I learned something and hopefully I will recoupe in few months. I have a small trading account since I trade only when I can.