They ever figure it out? Some math guy from Russia everyone thought back in 2018/19.
Anyone Hedging with their Runner TQQQ,SOXL,UPRO,TECL... here anymore? longs... QMHNX, CTA, DBMF,KMLM, BTAL(SUCKS!) shorts... Cons Discr., Retail, Small caps, E'mkts, Bio...?
Chart looks ok for SOXL, looks like even with SOXX/NYSE/ICE, Charts LIE!!... do the Math yourself. No BIG swing for SOXX here, just normal Swing Rates daily for 4~5mths.
That would amount to roughly 40% annual Decay for SOXL if SOXX was Even over a year.
The killer is when SOXX is -5%-10%, Decay is the worst with no Math suppression. We all better hope Semis keep Compounding....
TQQQ is not a Tech ETF, it's about 50% of such. TECL(XLK) 'The Technology Sector" ETF is basically 100% Tech Companies. Incepted before QQQ.
No TESLA or NFLX in TECL/XLK, no Walmart or Cosco crap either...
Basically outperforms QQQ/TQQQ pretty well last 10 years and More so with the Semi/A/I rush. Lower Drawdowns also...
So what makes you stick with TQQQ?
