Broad market trends

• 1). Select from the list of ProShares UltraShort funds those for which you believe the underlying indexes are in a downward trend. Match the UltraShort funds with a chart of the underlying indexes.
  
  
• 2). Review the charts of the indexes underlying the UltraShort funds for price trading ranges and resistance levels.
  
  
• 3). Use the chart history of the underlying index to determine price entry and exit points where the index should continue with strong downward price movement.
  
  

Daily trading

• 1). Purchase the UltraShort ETF soon after the stock market opens when the underlying index has opened down and the UltraShort ETF shows a price increase.
  
  
• 2). Monitor the price of the underlying index throughout the market trading day. It should stay down for the day and hopefully continue to move in a downward direction.
  
  
• 3). Sell your position in the UltraShort ETF to lock in a profit if the underlying index reverses price direction and start to increase If the index resumes a downward movement, you can buy the UitraShort ETF again to profit from a further fall in the index.
  
  
• 4). Sell any positions in UltraShort ETFs before the market closes for the day. It is not recommended to hold a leveraged ETF position while the market is closed.
  
  
• 5). Monitor the financial news after the market closes and before it opens in the morning to determine if the price trends on which your trading is based are still valid.