Ive been using leveraged funds e.g., UPRO for 14 years. Its a critical part of my trading strategy. I fully understand the risks, and in many ways, its less risky than borrowing money (i.e., margin account) to implement my trading strategy. My demonstrated success in using these funds as part of my trading strategy is testament to the fact that traders can learn through reading and experimenting with approaches on their own. Ive gone so far as to teach friends and colleagues on the benefits and risks of these funds, and how they can be integral to a successful trading strategy.
Donald Senges Comment On Regulatory Notice 22-08
Ive been using leveraged funds e.g., UPRO for 14 years. Its a critical part of my trading strategy. I fully understand the risks, and in many ways, its less risky than borrowing money (i.e., margin account) to implement my trading strategy. My demonstrated success in using these funds as part of my trading strategy is testament to the fact that traders can learn through reading and experimenting with approaches on their own. Ive gone so far as to teach friends and colleagues on the benefits and risks of these funds, and how they can be integral to a successful trading strategy.