
First Fellow
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If a stock goes up 10% and then falls 9.09%, it is back where it started. A fund that does 2x the daily move ends that same stretch down about 1.8%. Leveraged funds lose a little every time a stock swings back and forth, so they can stay down even after the stock recovers. Know the difference before you hold on to leverage names like $SOXL $TSLL $NVDL longer than a day or two.

"What does the market know?" When you see market is breaking out and you're trying to short the market, ask the above question. The same with vice versa. Stock market is always forward looking. If you think you're outsmarting markets, you are not. This is why our elders told us, "Follow the trend". $SPY $QQQ $RSP
