$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$
People who talk about long-term investment or analyze candlestick charts are really just joking, aren't they?
The leverage etf will steadily decrease in the long run if the original is sideways, so the longer you hold it, the lower the winning percentage becomes.
The chart of the leverage etf is just a copy of the original chart, so it's almost meaningless due to depreciation.
It's really scary how many people here and on social media say "I'm a long-term holder!" even though it's clearly written as "daily" and the brokerage firm specifically states that it's a short-term trading commodity etf with sharp depreciation for long-term holding.
People who talk about long-term investment or analyze candlestick charts are really just joking, aren't they?
The leverage etf will steadily decrease in the long run if the original is sideways, so the longer you hold it, the lower the winning percentage becomes.
The chart of the leverage etf is just a copy of the original chart, so it's almost meaningless due to depreciation.
It's really scary how many people here and on social media say "I'm a long-term holder!" even though it's clearly written as "daily" and the brokerage firm specifically states that it's a short-term trading commodity etf with sharp depreciation for long-term holding.
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