3X ETFs on margin?

[bat1]

Can you trade 3x ETFs on margin

with a Scottrade daytrader account?


Thanks in advance..

Ed

 

[rmorse]

Quote from bat1:

Can you trade 3x ETFs on margin

with a Scottrade daytrader account?


Thanks in advance..

Ed

You can at Penson and ML Pro with a portfolio margin account.

Bob
Rmorse@victorsecurities.com
646-545-3860

 

[sledgeyum]

There are now limits in,place

Quote from bat1:

Can you trade 3x ETFs on margin

with a Scottrade daytrader account?


Thanks in advance..

Ed

 

[kivd]

With my broker I can't get my full margin with 3x ETF but I can get 2/3 of it. Which is twice my cash balance instead of 3x my cash balance. B careful, it takes ONE bad loss and your account is finished. Remember the US Downgrade? %7 down in one day x 3 = 21% then with margin x3 63%...... only one day

 

[efficiency]

Quote from bat1:

Can you trade 3x ETFs on margin

with a Scottrade daytrader account?


Thanks in advance..

Ed

1. Yes.

2. Don't stay at the party too "long"