you should see all of them dropping lower and lower no matter what side they are. And, they keep doing reverse split again and again. It isn't the etfs we can hold for a long time but really, really short term. That is why many old IDS really hate 3x etfs coz they might lose a lot before. They said right things on DQ. I must give them the credit on doing that. I guess many don't like me, but I do like them and I read their posts. Some of them are really helpful.
Anyway, what I'm seeing to trade 3x is a 二手车生意. 当一辆新车一下地，它就开始折损. But, we can buy in a 二手车 in a good value and sell it to a retail customer. This is what I called "trading range". I suppose the same car we buy in and sell out after 7-8 times, the business profit should pass its actual value (supposed it is a $20,000 car). Even, when it becomes a junk car, we can still sell its parts to make profit. 挤榨出它最后的价值. Of couse, we will buy in a lemon car with big problems. In that case, we will lose money on that. However, it is a part of the business. You don't make profit on every 二手车. 这是我对炒3x的见解. 请大家指教.
