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Bullboard - Stock Discussion Forum ProShares UltraPro S&P500 UPRO

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of large-cap U.S. stock market performance. The fund... see more

ARCA:UPRO - Post Discussion

ProShares UltraPro S&P500 > Booked PROFITS +22%
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Post by laffinatbaggies on Jan 09, 2019 1:43pm

Booked PROFITS +22%

Sold 1/3 of my position in UPRO today at average price of $38.04.  That is a JUICY PROFIT of +22% at a profit of +$6.87/share.  Most of my longs I bought around Xmas eve and tax loss selling are already up +25% and some almost doubled already. What an awesome year 2019 has been so far.
I am still holding 2/3 of my shares of UPRO from average cost of $31.17.   Will sell later, but take nice profits along the way.
Comment by laffinatbaggies on Jan 10, 2019 1:22pm
Sold another 1/3 of UPRO at $37.78 which gives a profit of +21% at +$6.61/share. Will continue to hold 1/3 of my position that is left from $31.17.  Might seee a dip in the markets and then stronger in February.
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