Pbarcak stood out on today's scoreboard, as this trader managed to jump 15 places yesterday, securing the title of Top Mover.
With a personal best performance return of 14.16%
for the Saxo Trade Challenge, Pbarcak has taken 16th place after adding 25.99%, following a low on November 26.
has turned to a few slightly more exotic instruments for increasing account value. Despite spreading investments across different asset classes, including commodities, Forex, equities and bonds, the bulk of this trader's positions seem to be being carried out in equities and, in particular, indices.
Since early November, The Dow Jones Industrial Average (DJI.I) and the US Tech 100 (Nas100.I) seem to be this trader's favoured instruments.
Pbarcak currently holds six open positions, as seen below:
As SP500.I, NAS100.I and DJI.I need no introduction. Below you can see the three ETFs held by Pbarcak.
Leveraged Exchange Traded Funds
FAZ:arcx - Daily Financial Bull 3x Shares
This ETF seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000 Financial Services Index.
TZA:arcx - The Small Cap Bear 3X Shares
This ETF tracks the inverse price performance of the Russell 2000 index, seeking to produce daily investment results, before fees and expenses, of 300%.
TBT:arcx - ProShares UltraShort 20+ Year Treasury
This ETF tracks a leveraged inverse daily performance of the Barclays US 20+ Year Treasury Bond Index, seeking daily investment results, before fees and expenses of 200%.
What is your experience with exchange traded funds? Submit your comments below.
You can also browse today's Saxo Trade Challenge scoreboard here
Wishing you successful, social trading.
Source: Direxion Investments, ProShares, Saxo Bank A/S.
-- Edited by Kevin McIndoe