$GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ i bought NV...

ProBagHodler : Your mistake is holding NVDL for multiple days. Read up more about how leveraged ETFs work.

104955615 : Look up volatility decay.

101807599 OP : Thank you so much for the information guys, when I was studying leveraged etf prior to buying, the main emphasis on the internet has been mostly about staking 2x risk for 2x yield, not much on the side effects of compounding mechanism

Guess the recent series of compounding red days has hit my holdings really hard. But I still think it’s good to hold the 2x etf long term if there are more Green days ahead to compound than Red, but I will set shorter term goals for the holdings I guess.

Thank you so much for sharing folks

ProBagHodler : If the underlying share(s) of the leveraged ETF is going steady in one direction then you would have no problem holding it long term. But if the underlying assets are volatile and going side ways, you are better off avoid holding leveraged ETFs until conditions change.

卡波猫 : Daily ETF...it has the word daily, if you hold more than a day, after many ups and downs you will lose money eventhough the price goes back to what you originally bought.

I advise you to quickly clear your what you have in your hands before suffering more losses if your intention is to hold for profits.

This is not meant for long term holding, I REPEAT, THIS IS NOT MEANT FOR LONG TERM HOLDING.

Invest in Nvidia for long term holding not it's ETF.

Methods : Yes this is Specifically titled daily . The risk here is multiplied. Get in and out!  Can be up 10% on run ups in minutes can be down 15%