wheelsnaustin

How to Use Leveraged ETFs to Your Advantage

I see,thank you

How to Use Leveraged ETFs to Your Advantage

would the math that the article said would keep the SSO low work the other way ... if the index goes up on the first day it will be harder to pull back to the bengining value?
"Let‘s say the underlying index drops by 20% one day. To reach breakeven in the following day, it will have to rise 25%. The leveraged fund, however, will go down 40% on the first day and up 50% on the second day, leaving it at 90% of its original level. The numbers are unrealistic, but this is the kind of erosion you can expect over a long period of time"