Quote from talontrading:
Well, you've proven yourself to be clueless. Those leveraged ETFs have no place in a long term portfolio. Do the math... I thought everyone in the world already knew this.
Done with this thread... I'm sorry to see you have closed yourself off and decided to not learn. I suspect you had some bad experiences trading, but you are still trading. All you're doing is trading ETFs infrequently. Don't kid yourself. You haven't found a good method. (on the other hand, I do think 95% of ET posters are pretenders so you're better than them... but that's not the standard to be judged by.)
And... whenever it happens... 6 months or 2years from now you take a big rip and realize your method isn't what you thought it was... remember you had a chance to learn here and passed it up.
Please do the math and try to understand the leveraged products you're using. In the long run, they are mathematically guaranteed to underperform so you are guaranteeing you will lose. You're bringing volatility and risk into your portfolio with being compensated in the form of return.
You've been really lucky but the past year has been about the best environment imaginable for what you have been doing. Kudos, but those of us who have been in the business for quite a bit longer than you realize the importance of having a ship that can weather all seas. You're not there yet so get off your pedestal and keep learning.
-Talon
PS BTW, the simple index add / drops method I posted far outperformed your returns over the same time period. Just so you know... and no i won't share my account statements with you. I realize the point of this thread is at least a little bit you were hoping to proven wrong... desperately looking for proof that someone can trade better than you did... I don't feel obligated to disclose details of my accounts to fulfill that purpose.
Good luck.