So You Want to Be a Kamikazi Trader
This post has been on Rambus Sidebar since the early Days ( circa 2012) when DUST was appreciating like 500% in a week
Good time to review it
(Note : During the Pandemic Panic these things went haywire and did not perform correctly…MALFUNCTION…so they were changed to 2X Leverage from the 3X. And now the Gold and Silver vehicles have been delisted …However there are other newer 2X Gold and Silver vehicles …I dont want to aide and abet so Find them yourselves ! )
https://rambus1.com/2013/07/24/kamikazi-traders-report-here/
Personally I think leveraged ETFs are evil. Even regular ETFs are just derivatives with lots of counterparty risk.