I’ve tried to stay away from instruments for the most part as I had a hunch the way they calculated their returns were suspicious at best. Eric Muathe did some good chart work here and packaged it up in a video for all to see. There’s really no disputing that trading the 2x and 3x ETFs is a loser’s game as it’s easy to see you can lose money if you are in both at the same time. That shouldn’t even be mathematically possible, but someone is rigging the game.
I would trade the regular tracking ETFs with more leverage if you’re aiming for bigger returns and stay away from the ultra exchange traded funds.