This is why you bought TNA at $90 and held to $35
I bought at 90 in August of 2015 and Sat on it through the lows of Feb 2016 and since I sold it for a miniscule profit a few weeks back it has skyrocketed almost $20+ from where I sold it!
That was when I thought the market was headed higher, I placed that trade to hedge against my short positions and I watched it drop from the day I bought it, was going to double down on it but never did. Instead I knew the market was eventually going to drift higher and that I could sell it at a higher price off its lows which I did....now would I pay $100+ a share for TNA now? Fu$k no. That ETF was floating under $65 and heading lower just before the election, since the Russel 2000 has skyrocketed it has taken TNA along for the ride...I will sit patiently and wait for the pullback of at least 50% on that ETF before I consider buying it back.