I am an impatient man.  I don't like reading stuff that bores me.  Most stuff bores me.  You may have noticed I ONLY trade TNA.  There is a reason.

I was in New Zealand playing rugby when the worst of the 2008 recession hit (September, 2008) and although I had intended to stay in New Zealand, the market had other plans for me.  The boys who were buying my practice backed out and I came back to the US in the midst of the worst market I had experienced. Granted I had only spent 10 years in the financial services biz at that point so I wasn't a weathered old veteran of all kinds of markets and circumstances.  To me, everything was in dire straits, even money market funds were losing money.

I wanted something that would make money in any market. 

I had begun using traditional ETFs and UITs earlier but stumbled upon leveraged ETFs as soon as they appeared on the radar screen.  I experimented with them on paper and found I liked leveraged ETFs, something that moved fast. 

In January 2009, I began using them live.  First my thought was to buy and sell in one market day, no overnight holds.  Sell, win lose or draw.  My first tickers were FAS, FAZ, TNA and TZA.  Experimentation told me not to be so quick to bail on the bulls but be wary of the bear tickers.  

I got better and better at using leveraged ETFs and quickly, as in months not years, grew most accounts by 50 to 100%.

While I did use SPXL, MIDU, BGU, ERY, and ERX very well, I didn't like jumping from ETF to ETF (again, I am an impatient man) so I looked for the one with the MOST volatility.  To me that was TNA.  While I COULD bop back and forth between TNA and TZA, I discovered I could play either in any market.  Play the bull on a bearish day, play the bear on a bullish day. Both were plausible and successful.

I began to see the trends very clearly and preferred to just watch "one ball bounce" and that was TNA. Since 2009, I have done very well with leveraged ETFs and since 2011, I have looked nearly exclusively at TNA. I find SPXL too slow for example.

A large number of my trades take minutes, not hours.  Many take LESS than 2 minutes.

My goal now is to make $1000+/day per account times 252 market days.  I won't make it EVERY day but pretty close. I prefer to use 600 to 1000 shares for each position.  I have experimented with smaller accounts and smaller share positions, short holds, long holds, used IRAs as well as non-qualified accounts, margin and non-margin accounts. I have become very stubborn about selling for losses. I don't like taking losses.  I held TNA for 270 days and made a 75% profit just to see if I could. For an impatient man I can be surprisingly patient.  

At this point, as my numbers show, I kinda know what I am doing.