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-- 239.270 
Understand 3x ETF RISKs
$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ just in case anyone came to chase the bull blindly and doesn’t know how 3x etf works.
1. You must know leveraged ETF magnifies loss more than gain. at the end of the day you only have 100% to lose. which means if the underlying stocks drops 33%, you will lose 99% of your investment. And even if the underlying stock goes double the next day, you will still only have 3% left. You are extremely susceptible to manipulation.
2. Understand that if you buy $100 worth of ETF, it gains 50% on day one, and then drops 50% on day two, you are left with $75. You should sell this everyday when market closes and do not keep it over night and most importantly, you must cut loss much more decisively than hilding a stock.
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103427522 : Thank you
zzjw : Thank you, but it seems that pursuing 40 should not be a problem.
tuanle07 : I generally have a stop loss 3x of the normal ratio. Leveraged ETFs are to be held short term in a bullish market, and of course you shouldn’t hold it for years as market crash is very likely to happen.
zzjw My zz : Borrow your auspicious words, friends together to reap.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
zzjw My zz : Teach me to cry