$NVIDIA (NVDA.US)$ ? *Laughs in $GraniteShares 2x Long NVDA ...
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dada666 : why buddy?
Capoo : The reason we don’t buy leveraged etf is cause if today you bought in at $100 nvidia price which for example $50 leveraged x2 etf, after more than a day, because of adjustment, let’s just say nvidia went to $90 and returns to $100, the 2x etf original $50 could became $49 and you lost $1 despite nvidia share price still stays at $100, it’s not actually 2x and it comes with risk that’s beyond your control. Losses in the ETF can be magnified over time.
Aaron Invests (AI) Capoo : That is the reason why I sold off my Granite at a cut loss. I am buying NVDA for the long term now.
pootpoot : in another perspective, it is an alternative to keep your original position at NVDA and yet trade the swings. just my 2cents
Forever Learning : but i think it is 2x, even you may lose part of the etf decay , it will may become lower like 1.9x or 1.7x but still you are earning more than the original stock. am i right?
Young Irish Forever Learning : If you’re bullish on the stock.. any leverage you can get is gonna magnify gains and losses.. etc decay is a thing as well as the fees but with this thing going up 100%+ on swings why not buy even if you pay a lil and decay some.. what other product besides options give this kind of gain while in line with the share price of a top 3 company world wide..