How I lost $3700 and made $1500 with 3x leveraged ETFs

Long $UWTI

When I opened my DNB Trade account in 2015, my first trades were a bit crazy, among them:

  • $YHOO –  lost only 4%, but should not have touched it at all
  • $NBG – National Bank of Greece, lost only 25% (now delisted)
  • $CHAD, $CHAU – ETFs with 2x leverage that follow CSI 300 Index
  • $SUNE, $ZINC, $VRS – lost nearly 100%, delisted or went bankrupt

I tested my risk tolerance by starting with the most risky stuff I could find and when I got burned, moved to more safe things like sector ETFs with no leverage.

My most expensive lesson was from buying $UWTI – where I managed to lose about 80%, which amounted to more than $3700:

uwti Continue reading How I lost $3700 and made $1500 with 3x leveraged ETFs

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