SPXL
Direxion Daily S&P500® Bull 3X Shares
Mentions (24Hr)
300.00% Today
Reddit Posts
I just discovered SPXL (3x leveraged spy). What stops you from trading this?
Backtesting the 3x leverage ETF on the S&P 500 with a monthly investment of 500 dollars!
What is the downside of investing in an S&P500 ETF that provides you with 3X Shares?
SPXS: Sold SPXL and bought SPXS at $13.45. Market Pullback next week?
Dynamic SNP500 Allocation based on Moving Averages - Almost beat the market?
We are about to see a massive bullrun with tomorrows Fed interest rate announcemnt. BUY CALLS
Why don’t people suggest leveraged ETFs for long term growth?
What to Buy If I'm Expecting a Crash?
Wash Sales-What makes an equity a "significantly similar security" to brokerage or IRS
If S&P return with dividend reinvestment 1970-2021 is 17.87% average, what kind of return does a day trader need to get to beat buy + hold?
Do I cut my losses with 3x bull SPXL, or stick with it?
Is something like 3x bull $SPXL ETF an almost sure shot buy right now?
Leveraged ETF discussion $TQQQ $SPXL etc.
Should I keep or sell Lattice Semiconductor? - (LSCC)
Is there a margin/cash requirement for a 3x leveraged ETF?
Can someone please ELI5 leveraged ETFs like SPXL?
Opinions on Building Retirement Portfolio
Capturing Alpha following the $TSLA trade listed earlier
Do most leveraged ETF’s just cease to exist after each crash?
Would it be crazy to assume the next 40 year returns on say the S&P 500 will be the same as the past 40 years?
Most Leveraged ETF for quick capital gains
SPXL. $70,000 to $2,070,000. I've held this position for almost 12yrs. I'd like to thank John Maynard Keynes, Congress and the last three Fed chairs for a decade of unchecked budget deficits and helicopter money.
I've held SPXL for almost 12yrs. $70,000 to $2,070,000. I want to thank John Maynard Keynes, a gridlocked Congress and the last three Fed chairs, I appreciate the decade-plus of shameless deficit spending and endless helicopter money.
MARA LEAPS or SPXL LEAPS? Planning to sell weekly cc on both as the leap as the underlying
Is there any reason I shouldn’t expect an average +15% return annually from $SPXL (or similar) over the next 30-40 years?
SPXL in taxable for long term hold, thoughts?
Would love some experienced or knowledgeable thoughts on my portfolio
Hows my portfolio? I’d appreciate honest advice and opinions.
Triple leveraged margin play on SPXL thanks Robbin’hood
SPXL showing possible reversal on the S&P
Technical analysis on QQQ, TQQQ or composite NASDAQ(IXIC)?
How to gamble like a true degenerate on the expense of 🌈🐻s
SPXL gonna have either a breakout or a breakdown here next 3 days
Increase LEVERAGE Through DEEP ITM Options (SERIOUSLY, YOU GUYS WILL LOVE THIS)
Increase LEVERAGE through DEEP ITM Options
Does anyone have a game plan for the market crash?
Why not hold $SPXL long term -vs- $SPY shares -vs- $SPY LEAPS? What am I missing?
$SPXL $SQQQ $TNA $TZA $LABU $FAS degenerate leverage on leverage option plays first day of the month Wednesday 9/1
Would leveraging/"rebalancing" from SPY into SPXL during a market crash increase long term performance?
Would leveraging/"rebalancing" from SPY into SPXL during a market crash increase long term performance?
What are good “Buy and forget” stocks if I already own long term ETFS?
3,600 to 25,000 3x leveraged ETF COVID YOLO
Does anyone know of a Consumer Staple (XLP) ETF but 3x leveraged???
Leveraged ETFs like SPXL or TQQQ, why not?
Mentions
But why SPXL? At this rate, might as well bet bigger, TQQQ or SOXL.
As long as SPY rallies within 3 years you'll be fine. 3 year SPXL return has always been at least 2x of SPY.
Question. A leveraged 3x like spxl. Let’s say s&p goes down by 50% then recovers. Will SPXL do the same? Or since it will have a sharper decline it won’t go back to even?
What are we buying when we bottom out? I vote SPXL
Wait for it to dip another ~5% then SPXL
I’m buying shares of SPXL in my real portfolio but full porting puts in my gambling one lol
I'd just focus on SPXL and SPXS until this Iranian flap is over.
Just waiting for JPM collar June print at this point Til then, just been scalping this SPXL range
Might just full port SPXL shares and close apps for the year
I don't trust a fucking thing so just starting to buy some boring SPY and QQQ shares If we continue lower after I'm fully invested, I'll just sell and convert so SPXL and TQQQ Shit is too tenuous to be touching options
I was holding a massive amount of SPXL at the time. I didn't want to pay taxes on the long-term gains, so I ate a very large decline on paper for that year. However, shorting key industries helped to significantly lessen the blow and allowed me to dollar-cost average while waiting for CPI and PPI to cool. For instance, back in early January, NFLX dropped 25%-ish after their earnings call. That drop was spurred by a strong decline in subscriber growth. People were also starting to worry about inflation, so that exacerbated the sell-off. TGT and WMT dropped anywhere from 20-30% across a few sessions after their earning calls in April and May. They were experiencing lower revenues due to inflation-driven consumer cutbacks. META dropped some 60% due to ad revenue declines. Buying monthly puts on every other mid-cap and large-cap company after witnessing those earnings calls was good money.
Same thing happened to me last year with tarrif announcement first quarter 2025. Put a modest $8k in SPXL and VOOG and was immediately down to $6k in 3 weeks. Flash forward 7 months I was up to $10.4k. Even with current dip im at $9.4k from my initial $8k investment exactly 1 year ago. Im holding onto $3k right now and waiting to invest in either TSLA, or more in SPXL.
Ok cashed the puts, tossed my free cash into SPXL/TQQQ so let's do another stupid pump please
Opened a starter position in SPXL/TQQQ to swing an attempted rebound, expecting to add more under 671 though
I hold SPY and some SPXL. I sell far OTM, 60-day out credit spreads. I watch the decay daily, it is very boring, but not boring when I see the cash hit my bank account
Genuinely ask why you're doing it. Took me a while to realize I was wasting all my profit away on the thrill of potentially making more. Plenty of good trades followed by autistic trades. Are you just swing trading? If you are - ask yourself if you really have A) the tolerance and B) the need for options? I've found that, with a portfolio of size like yours, you can just swing trade shares and leveraged etf's for - way more consistent gains, still with leverage, without depending on complex option mechanics you don't understand. I saw alot of my losses were on short dated SPX/SPY options, so I started swinging SPXL / SPY instead. Its slower sure, you don't buy a 50$ contract and randomly turn it into 1.5k but, you can be directionally wrong and just hold to absorb the loss until it returns. That last part is only true for quality assets with historical track records like S&P, Nasdaq, etc. Quality companies fit the bill here too, but regardless are riskier.
Buying and holding SPXL (or other leveraged ETFs)? Not really. You have firm control of your downside and can use stop losses. There are circuit breakers in place to prevent total loss in case your automated stop losses fail and they give good returns in the right market environments. The main risks are sudden negative volatility/price shocks and prolonged flat markets.
SPXL you're paying a near 1% management fee and daily rebalancing on top of the roll cost, right? Regarding "hold and ride it out" with the SPXL shares: a convenient chart in the prospectus shows that if the index stays flat (0% return), you might expect a -17% return at 25% annualized volatility. Ouch. (25% vol example here since "the Index’s annualized historical volatility rate for the five year period ended December 31, 2024 was 21.34%.") One meaningful risk I see in the LEAPS call is locking in the current interest rate. At delta 95 on SPY, most of the extrinsic premium is implied financing, not volatility. If the market turns against you, the LEAPS call is almost certainly the winner by a wide margin (it requires you to take action, though, eg, buy shares, sell a put, etc). I'm not sure I'd want a LEAPS without hedging for vol and rates, but I also don't see how SPXL fits this situation.
Depends how long you're good tying up capital. If you're ok to tie it up for 5 to 10 years on SPXL and handle a 70% drawdown then do that. If you don't want to but the leaps. With SPXL you can average down way easier if things go down. With the leaps you're kinda stuck or averaging down with tens of thousands and can't roll a 2 year leap for a while.
OP never mentioned SPXL options.
SPXL is also leveraged down, so depending on the market move it can lose value faster than the LEAPS options, which may retain higher extrinsic value (theta, vega,) Personally if I was aiming two years out on SPY I would buy the LEAPS option, not the SPXL. I also am predicting another wild ride this year so there is that. PS you can also sell covered calls on LEAPS
Do not buy LEAPS on SPXL. The added leverage will kill you if we get a big enough pullback or correction.
Higher risk higher reward with a leap if your timing and thesis that the market will be bullish enough within a relatively good amount of time plays out. If you are not good on timing, reading the markets, and managing your positions with proper risk management / hedging mechanisms then you are better off just holding SPXL for the long and sell covered calls and buying protective put when markets go really bearish. Always imagine the worst case scenarios, like what if the market goes sideways or goes bearish for the next 1-2 years? At least your SPXL position will still have value while your leaps get destroyed by theta decay overtime and potentially expire worthless. If you have extra money made from SPXL, then consider buying leaps when the market conditions are favorable.
im over it. lost my ass one too many times, spending the last few weeks / month bouncing intraday on some bs. gonna just setup an autobuy for SPY and SPXL and touch grass
This dumb shit is so psychological its crazy. I'm leveraged, in TQQQ, SPXL, and call options. Somehow managed to match the indices today. Good day right? Didnt lose my ass on leverage? WRONG. Im fucking SALTY that I sold my 0dte put too early. Coulda made 5k on that nonsense. At this point im ready to setup an autobuy for 500$ per day into QQQ and never open my app again lol im so salty. Bong is calling my name.
Options overpriced. Bought dip on SPXL
Ive found that honestly, the only times my port was just straight green, is when I had auto buys set up on S/P or NASDAQ. Got a 41k port, thinking 500$ per day into SPXL until it runs out and repeat.
The main extra risk with SPXL is decay over time. Leveraged ETFs reset daily, so holding long-term can eat into returns, even if SPY moves the same way. Short-term swings are bigger too.
Indeed, the losses and gains are magnified by the multiple, but is $694 on 1 share of SPY less risky in terms of reward over risk than $292 on 1 share of SPXL? It's certainly more volatile, but what additional risks are there above and beyond those with SPY?
It works so long as the markets trend up on average. TQQQ for example has actually returned \~25,000% since 2010. SPXL (triple leveraged s&p 500) has returned 5,800% since 2008. The issue is that if you buy in and it starts dropping you can lose \~50-80% of your capital (on paper).
MSFT, AMZN and SPXL (yesterday)
I look forward to owning all these SPXL and TQQQ shares when SPY is at 800 EOY and QQQ is at 750 or some equally stupid shit
My SPXL shares are back to profit if you include the covered call profits TQQQ still down about 7% lmfao
SPXL can definitely be addictive! 💊
Thats the thing though, its just a hedge. I'd rather take a 100% loss on every hedge I take out because my shares would have gone up. Thats the whole trick to my 0dte hedging. It allows me to take positions in 3x leverage funds like SPXL and TQQQ, while being able to actually absorb the losses and maybe even profit a little in market downturns. Something like, QQQ and TQQQ dump - lose 5/6k, 0dte put goes up, gain 3-6k. Successful hedge. Now I have no downside protection and no ability to dca. Going to have to reshape the strategy for 3 months...
Sitting on like 80k cash. Feeling cute and might go with TQQQ or SPXL
Don't do options unless you understand or can easily buy them without straining finances in the slightest. If you want to play it risky, just buy leveraged ETF like SPXL or YINN instead. By buying/selling the two at correct times, you could still have the potential to receive 50%+ in return per year without the same risk.
god damn bro I had most of my cash in SPXL and TQQQ minus 10% today lol fuck
>I closed all of my positions...QQQ, TQQQ, QQQ credit spreads, and other options. If I open...SPY (SPXL, SPY, SPY credit spreads), is that going to trigger a wash sale? No.
I won't lie - it can be very stressful at times. A lot of my free time is spent hunting for every little tidbit of news that may influence commodities. It was a lot easier and less nerve-racking to just have everything sit in BRK and VOO/SPXL and not really pay attention to the news.
Been having more luck all year swing trading SPXL than I ever did with options lol
Probably going to regret this come tomorrow morning when some absolutely stupid shit happens while I sleep, but parked my free cash in more SPXL/TQQQ shares after hours
I feel like this is still a great time to go long, is it not? Just grabbed 100x SPXL 6x SPY 700C 03/20 1x weekly CSP NVDA 185P
DCA'ing out of SPXL - I noticed my new share total is 47 shares........ Thats a buy signal folks. 47 - 47th president. Trump DD Calls
Bigger size in SPXL/TQQQ > calls right now
If all goes well, I'll collect an easy 5k in put premiums by late February all while riding SPXL/TQQQ to the next ATH before The Great Ruggening of 2026 comes
I sold a bunch of March puts and grabbed some SPXL/TQQQ shares so we should be at SPY 600 by then
60% AGQ, 20% SPXL, 20% SPXS wat do
ur onto something. hodl it is. last time we had huge news i was balls deep in SPY calls lost 30k lol. this time in split between SLV, AAPL, SPXL, NVDA.
SPXL until i can full port margin SPY 0DTE
LOOOL ME TOO Feeling a bit better than last time though. 30k split between SPXL, AAPU, and AGQ
Genuinely hope I see liberation day 1000 pts drop on SPX ill fucken full margin into SPXL and just delete my shit for a month
Guess I'll load up on SPXL and TQQQ on Tuesday morning to swing a recovery attempt
I need a 3X leveraged ETF that’s made up of TQQQ, SPXL, SOXL, NVDL, TSLL
I bought RKLX (the 2x leveraged RKLB) just after the bottom about a month and half ago. Sold covered calls on it earlier this week for $70 strike. If it hits I’m taking half my profit and throwing it into reg RKLB and rest into SPXL. Nice 300% profit at this point
I did about the exact opposite.. purchased TQQQ and SPXL right around the bottoms and watched them go up 20-30% in a single day… I did sell a few of my speculative stocks to purchase them but those I was up a ton on anyways so win win. Beat the S&P by 44% this year. But yes if the market would have kept going down I would have been toast.
\> Just sayin no one wins with options, but it is certainly fun to try! Some people do win. IE: Look at SPXL or TQQQ. They use options to obtain leverage - and have DRASTICALLY outperformed a simple "buy and hold shares" strategy.
I'm going to be the most boring trader in fucking history this year Once I close out these existing calls, going to toss all my money into SPY, sell a couple covered calls a few months out then wait for a 5-10% pullback to buy those back then go all in on SPXL/TQQQ
Buy calls for the January pump Sell those at next ATH Sit on your goddamn hands and wait for a 5%+ retracement in Q1 All in on SPXL/TQQQ for an easy +25% year Ok let's do that markets, please and thank you in advance for 2026
SPXL bottomed at 220.68 I caught 50 shares at 220.71. nasty work im the goat
Greed gets the best of us. My advice: Do not scale up. If you trade SPW or SPY do not scale up to SPX. Buy a bunch of /mes instead of using /es. If you trade TQQQ/SQQQ or SPXL/SPXS do not scale up to options. Take that first $100,000 and never touch it again. Have two brokers or three preferably. You can recover because you are 6 feet above ground.
Up 40% in my Roth primarily due to RDDT , URA, and TQQQ/SPXL. At one point was down 11%, but the key is too stick with your convictions(i.e. have been very high on RDDT and uranium). SPXL and TQQQ were more timing plays based on technicals.
Im buying a 232.5 C for SPXL just cause you mentioned it. Gods speed
Hold your SPXL or grab a cheap 0dte call or two on SPX tomorrow morning, but if you're making any big buys on the index after these last few days - with a chart that looks like it does, honestly, you deserve the loss porn youll be posting next week braindead bols. and thats coming from a bol.
Next week I will be selling my SPXL and buying GOOG to add on to what I already have. It might drop here and there but in Dec 2026 I'm hoping it will be at $400.
If they're going to run hot and keep cutting, it's time to capitulate. I might get ahead of FOMC on 1/28, but SPY call premiums are jacked. TQQQ and SPXL on next 1% dip before FOMC.
I just got me a 70 SPXL to add to 105 I had. Hoping for the Santa Rally to do its magic.
As a compromise, I sold the call on 12/4 for a $2660 credit. I bought 3.6 shares of SPXL for long term and a $700 call expiring 12/31 which cost $700. So far, I'm down around $72 on SPXL shares and $550 on the 12/31 call. [https://optionstrat.com/build/custom/SPY/SPYx11@676.26,.SPY251231C690@7,-.SPY251219C660@26.6](https://optionstrat.com/build/custom/SPY/SPYx11@676.26,.SPY251231C690@7,-.SPY251219C660@26.6)
TQQQ follow this startegy. You know fibonacci sequence right? so buy 1 share of TQQQ when it hits 50$ and 1 more at 48, 2 at 46, 3 at 44, 5 at 42, 8 at 40, 13 at 38 and so on. Now sell the 90% of shares brought at +2 price .9 share brought at 50 at 52 and .9(48) share at 50, 1.8(46) at 48, 2.7(44) at 46, 7.2(42) at 44 and so on what you gonna do with 10%? save it till TQQQ hits all time high and sell all of it together. To execute it precisely code it your self on Python with “robin-stocks” package. Other Stocks which you can do the similar is SPYU(2 or 1.5$ intervals as its price moment is slow), SPXL(5$ intervals) Why 3x or 4x leverage? Because QQQ is a very relevant ETF which has high growth potential and its very volatile. It can tank quickly and vice versa. It has to fall when it hits ATH and it has to rise when it hits ATL. timing TQQQ is very hard this fibonacci Sequence buy gives you pretty good DCA. Cons : you need to buy 987 shares @ 18$, 1597 @ 16$, 2584 @ 14$ and 4181 @ 12$. You gonna buy 10945 shares when TQQQ drops from 50$ to 12$. Now look at the weighted average so you gonna buy 10945 shares @ 18$ on average which sums upto 200k$ I did this using 22k (brought .1 shares instead of 1 share and subsequently divide all finonacci numbers by 10 and made roughly 32400$ selling 80% shares at 2$ high and remaining 20% at ATH @110 ) april this year before TQQQ split on 5$ interval starting from 100$. I wanna do this on 10x scale as I am doing it on .1 scale.
LULU csp's and GOOGL csp's for the win. Closing lulu position at open to watch SPX. If were looking promising might dump the 18k into SPXL. although lately ive been fucking around with TQQQ in favor of SPXL logic being that since tech is whats been driving spx mostly, might aswell focus on qqq for the extra juice. and tqqq well since were doing leverage
Today is a day for fun gambling, honestly. FOMC volatility is always fun for the hundred bucks you got burning in your pocket. Keeping my long positions 2x NVDA CSP 190 12/12, 100 shares TQQQ / 50 shares SPXL waiting for that JPOW dip to buy a 0dte spx call
I'm by no means a professional trader, but it really sounds like your plan is to take on even more risk. SPXL and TQQQ can be just as risky as trading options. It might work during a bull market, but can destroy you during a bear market. Hedging most likely won't save you either as there's no perfect hedge, as far as I'm aware. The systems that seem to work long-term tend to be slow and boring with very strict risk management, not more leverage. So I hope the biggest lesson you learned was related to risk management.
against the advice of many, I chose to engage in the learning process with my own money rather than paper trading. Doing my best to build a system that I can rely on for years to come, as opposed to just yolo gambling. Im too young for this head of gray hair I have. The money lost isnt necessarily the issue, its the lack of a system. I think i've found a little strategy that works, so im trying to consistently rock it. Honestly swing trading SPXL and TQQQ is just as fruitful as trading options, with less risk. leaning into that + CSP sales on stocks I like. Might take longer to earn back than it took to lose, but I want to create a consistent source of money here.
I like to protect myself against short dated calls, while looking for entries on charts like 15m. I just entered 20k USD into SPXL so, calls basically.
I put all my money into SPXL
TQQQ is trash when mag7 aren't moving tbh. Maybe SPXL is the play for when MMs are being pathetic and "defensive" wooooooooo scaaaaary .25% cut
Just for a counterpoint - although drag exists - over the long term they do tend to drastically outperform as long as markets do go up over the long run. For a 5yr comparison (there was a bear market in there): SPY returned \~85%, SPXL \~222% QQQ returned \~104%, TQQQ \~166% \--- Over a 15 year timeframe, it gets more extreme: SPXL returned \~3600% SPY returned \~600% \--- It gets even more extreme if you go further back in time. As long as markets go up you're fine. If they go sideways for 10 years - you'll lose with the triple leveraged ETFs, yes.
Decay is a thing, but I'm hard pressed to find where some major index leveraged funds would underperform long term. Take SSO or SPXL for instance. Graph them along side of SPY and see what you get. Assuming your underlying goes up over time, you should be good. Sideways and down kills you. So you have to ask yourself... how confident are you?
I've tried calendarized spreads with SPXL, but kept hitting mixed liquidity not far from strike, maybe I'll try TQQQ, thanks.
Assuming market keeps going up. However, what about decay or years when the market is returning below the borrowing rates and the rates keep going up? Also, the strategy works because you inflate the balloon more in the one "bear market" you faced in 2022. Imagine facing it at this moment and having to do the same today. Reminds me of the one user who got SPXL at the 2009 lows so they "forgot about it" and they actually beat these returns without borrowing a dime. You built a leveraged world etf. It'll work until it doesn't.
SPXL started in 2008 and TQQQ in 2010, so your 25 yrs of data is very impressive
But daily reset doesn't matter for anything long term. It just means you get a drawdown during the day. On average markets go up - which means on average more up than down days. Over the long term (going back as far as 25yrs on several major ETFs) the triple leverage outperformed in every instance. I'm not looking at the daily volatilty - but rather long term trends. Say I were to invest my retirement account. If it's all in SPY right now - why wouldn't I swap it to SPXL? Over any long timeframe it outperformed - quite drastically too. I don't care about the daily drawdowns - they literally don't matter for the long term. It's just short term volatility.
Why would anyone invest in SPY or QQQ over [SPXL](https://etfdb.com/etf/SPXL/) or TQQQ? Over any long timeframe the triple leveraged outperforms, consistently.
Comes with high volatility trading strategies. So long as you reweight the portfolio every few months (or before expiration using options) - the high leverage can and **will** outperform in the long term. The short term drawdowns (sometimes by as much as 40-50%+) are normal volaility in the portfolios. They'll never go to 0 tho so long as you keep rolling them. They outperform, by a large margin too. In the short term (ie: bear markets, 2-3yrs typically) they will underperform, but as soon as it starts going up again - they drastically outperform making up for all the unrealized losses and more. \--- IE #1: Compare QQQ vs TQQQ over 10yrs QQQ (5yr): 102% QQQ (10yr): \~600% TQQQ (5yr): 160% TQQQ (10yr): \~2300% \--- IE #2: Compare SPY vs SPXL over 10yrs SPY (5yr): 87%: SPY (10yr): \~350% SPXL (5yr): 221% SPXL (10yr): \~950% \--- \> I think his 40% loss is a much better indicator of his trading acumen It's a 40% drawdown, unless he is panic selling things. It's a property of higher leverage strategies. My last few trades had 30-50% drawdowns in the short term but by expiration (2-4 months) were up over 100% each. I should have held longer instead of taking profits - one would have ended up over \~400% here. \--- The literal \*only\* thing that matters with options is the price at expiration if you are playing a long term strategy. Everything inbetween is noise.
Yeah, ups and downs. I even sold rest of all. And ported in SPXL. 😀
Sold none of my TQQQ/SPXL calls today so basically that means it’s gonna tank tomorrow 😎
taking profit on all my leveraged longs I grabbed at the end of last week. TQQQ, SPXL, SOXL, NVDL, AMDL, PLTU ... time to shop for Christmas presents.
So the SPXL or UPRO (3x S&P 500) would be better in that regard.
Scurried back to cash and UVIX when Taco started threatening members of Congress this morning, been buying the dips since noon and reloading my positions in TQQQ, SPXL, NVDL, AMDL, and SOXL.
taking profits on NVDL, SPXL, TQQQ, and SOXL. Leaving the non-leveraged longs running, but this market is super sketchy right now.
Any idea how much it could pop? Like 20% from the top ? Even then, it still has a lot of potential, so maybe it would return to current levels. Buffets sitting on cash rn. Is that a good idea? When it tanks, is the move to buy SPXL?
the way i see it , throw in money you'd otherwise be alright not adding to the down payment since there's a chance it could go left. however 10k out of the 40k could possibly make you 12k. or 8k... once it does end up going up if you're already in the house you could always throw that jawn at the principle down the road. personal finance is very personal. for 3 years i was putting my down payment in SPXL, very frowned upon but it killed shit and dragged em home for me...
SPXL and TQQQ are not for faint of heart. I’ve been buying both for years. So far this year my account halved in value (April), it’s tripled since the April lows.
Not to diminish the amazing result (28% annual returns), but for those of us investing in SPXL, UPRO, SSO, etc. today, I think it is worth noting that this success was largely due to investing when the levered ETF had crashed 70-80%. That's the time to go all. Otherwise, it's best to build a portfolio like 40% UPRO, 30% ZROZ, 30% GLDM and target returns that beat the S&P by just a couple percent annualized. Would be interested in OP and others' perspective, but the huge cajones was going all in on massive leverage when everyone though the world was ending. Having cajones today and thinking the result (without a hedged portfolio) will be the same in a decade or two is probably wrong. Wait for the crash and go hedged until then. Even then, worth noting OP suffered a 76% drawdown on a $930k balance in early 2020. He'd made enough from 2010 to 2020 in the levered position to still be ahead vs just having invested in SPY or VOO, but tough to watch $700k evaporate in a month. [https://testfol.io/?s=52fT0SdC39B](https://testfol.io/?s=52fT0SdC39B)