SPXL
Direxion Daily S&P500® Bull 3X Shares
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Boring $4,000,000 gain with triple-leveraged SPXL. I told WSB 6mo ago I would sell at $3.1m, am glad I TACO'ed.
My mom's retirement money all in on SPXL
UPRO $432 YOLO, avg 99.16, stop at 105: poor man's 3x SPY trade
5.5 years to become a profitable gambler
Opening SPY Positions Today after Selling All QQQ on 12/31 to Avoid Wash Sale
I may have just nuked 11 years of savings in the last few minutes before close
I am a Quant Trader and here I am to save you time from trading EMAs for long term
Boring $3.1 million gain with SPXL. Selling now, I'm glad this is over with.
How the Stock Market Really Works: From a Crypto Trader Quantitative Savant
Canadian-Listed 3× ETFs Now Trading
After selling UVIX and buying the dip with SPXL/TQQQ, I am now a millionaire.
For those truly interested in leveraged investing, this insight is worth careful consideration.
What to do when run out of free cash and uncertain markets
I all-in'd and held 400k in UVIX for 6 months. I finally sold.
Feels good to bet big and get it right. Let's goooooo 😎
Our AI Predicted the SPX 10% Drop—Here’s How It Made 100% Gains (and What’s Next)
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?
Mentions
So, you obviously have no IDEA about what you are doing. SPXL YTD +35%. That's the security for the clueless
A target is just that, a target, not a guarantee. If you are comfortable with that risk exposure, more power to you. Just keep in mind the leverage works both ways. It is also worth mentioning, from 8/13/21 through 3/27/26, the SP500 outreturned SPXL ~53% to ~44%. Playing with leveraged ETFs does not guarantee consistent outperformance in the long-term.
What's the one ETF that is good for 0dte but settles cash? it's SPXL/S ? Asking for a friend of course.
Hey, what's the one ETF that is good for 0dte but settles cash? it's SPXL/S ?
I sold my SPXL and bout TQQQ with the cash. IThe spy has been outperforming, but usually if one posts an ATH, the other will be a catch up trade.
Curious why you have not sold the 4M SPXL port even with your 2M cash? Seems to contradict your belief the end is near?? Or Perhaps u r waiting to hit a magic number (5M? 6?8?10?) before u sell , if so care to tell us more about your hypothesis what’s going to happen next?
Holding a substantial position in SPXL. Considering selling some to free up cash to out a fill order for SOXL in at 120
Same. I know you're holding tqqq which did really well today. I'm hold SPXL, which is 3x lev SPY, just in case this market wants to keep rotating. But I'm with you. I think this mornings failed attempt at a,selloff should attract large orders. I'm actually thinking about straight buying AMD. That chart looks really good
Starting short position on $SPXL here
For the past 5 years SPXL has ourperformed SPY...
Deep breaths in through your nose, try to fill up your tummy and slow exhale through your mouth. Then put on some music and take out a reverse mortgage and get 8x overnight leverage from some sketchy broker and go all in on SPXL or SPY
I've held and DCA'd into SPXL almost continuously over the last sixteen years. I've done that across multiple brokerage accounts. It's been a bumpy ride. I've managed to almost completely sidestep the major downturns due to happenstance, though, which has helped preserve many of the gains.
But low sell high That why the guy who survived SPXL bought it at 2009 bottom
Replaced some SPXL for TQQQ. This shit aint dying
I'm comparing the cost of two different strategies - LETFS vs Margin. You seem to be implying that LETF investors also pay interest on top of the expense ratio. This is not my understanding. e.g. this is from the prospectus for SPXL - "The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.81% for SPXL and 0.92% for SPXS." The Net Expense Ratio is listed elsewhere in the prospectus as 0.84%. So the delta is only 0.03%. Please explain if you know more. In comparison, Schwab is charging \~11% interest on margin. There is a reason the LETFs exist. Otherwise folks would do exactly what you are suggesting.
15k in TQQQ and 15k in SPXL for effective 90k exposure to both indices. FuK yEa
Yeah this wasn’t really my intention. I was trying to scalp at SPXL put 2 min till close and the market order filled me down 40% immediately
My fucking retarded ass was trying to scalp a SPXL 7/2 262.5 p but it filled me with an absolutely terrible position immediately 800$ down 2 minutes to close. Now I’m riding it out
If TQQQ and SPXL return to ATH, ill still be down 2k from Googl/Amzn bastards
If you're trying to beat the SPY why not buy SPXL? Even if you had bought the top of the market right before the covid crash you'd still be up 250% today.
Hi new to the market friend told me to buy SPX index fund. Found SPXL that looks good bought some. Is SOXL like SPXL? I can buy some of that too.
Ah, I dont know much about those tickers. I got a mix of SPXL/TQQQ/GGLL/AMZU/NFLX/PLTR/META 13k of margin rn. Prolly will sell some options to open up that margin a bit and buy more shares of shit. Goodluck brother, if youre in shares and believe in those companies, just dont sell the dip please. It always bounces back and you know it. Think of it this way - if theres a profit at the end of a few red days, its worth holding through right?
Buying SPXL or TQQQ after a big red day is like the easiest trade ever.
Ight im down 1100 holding TQQQ/SPXL/AVGO/GGLL/AMZU/SPCX/AMD
During Covid I sold some of my VOO and QQQ and instantly bought SSO, SPXL, QLD and TQQQ. Rode it way up and way down into the bear of 2022 which was a gut-wrenching ride. I bought more in Dec 2022 and have’t looked back. This isn’t for the risk averse for sure. But it can be a roadmap for anyone to deal with dramatic downturns. I’d just recommend selling the leveraged etfs once you’ve recovered if you can’t sleep at night taking that much risk (SOXL was another great one bought during the tariff tumult surrounding liberation day, currently up 14x)
yall are so fucken sped I was spamming this chat all the last 2 weeks to keep buying the dip. Look where we at. TQQQ 68 --> 84 SPXL 246 --> 278 BTFD!!!! BERS NEVER WIN!
21k --> 27k this week. holding TQQQ, SPXL, AMZU, GGLL, IBM, AVGO, NVDA, INTU
Hopefully. I’m holding way too much SPXL, that was supposed to be a quick flip. Forgot to sell Friday evening, like a proper WSB’s retard
Buy SPXL. Make more money.
raise your hand if diamond-handed your SOXL/TQQQ/SPXL position because you knew the dump was fake and gay anyways
slow drip into SPXL or TQQQ - about 30$ per day until it runs out
Why not both? If you're more bullish on tech then higher allocation towards QQQM. Also check this post and put some in SPXL and TQQQ: https://www.reddit.com/r/wallstreetbets/s/WdzhQNf4JZ
"I'll just park these $400k profits in $SPXL till I come up with a new play. I mean what's it gonna do, -10% in a day?" -yours truly
Check out SPYU 4x leveraged spy. It’s so leveraged to the tits it has barely outperformed SPXL 3x on an insane up year
I know I’m 10 days late, but why’d you pick SPXL over UPRO?
This. DCA weekly into SPXL.
In a bull market all it takes is leverage. Take out 1.2x leverage and you win 20% more. Just look at SPXL vs SPY. SPXL is up 173% in 5 years and SPY is up 77%
Even in bear times one can buy calls on $SPXL
People pussyfooting around what it means to be “aggressive” in long term investing I’ve been holding SPXL, TECL, and SOXL for well over 5 years Only way I could be more aggressive is if I bought them on margin
Should I buy $SPXL rn for monday? Will monday be green?
I belong here. I bought some SPXL yesterday
Working a 9-to-5 after grad school and collecting a paycheck. I didn't even start saving and investing first, I just threw everything left from my first paychecks at the student debt until I was back to zero. Worked the first decade building a nest egg and living frugally, with small trades on the side learning from my mistakes. Ultimately reached $1,000,000 net worth doing that. One million means I can get certified as an accredited investor under SEC regulations, meaning the door opened to private equity and private commercial real estate investments. Gains from that, my taxable stock portfolio and my ongoing paycheck have just kept stacking after that. I retired about seven years ago and I now just live on the dividends. This SPXL position pays me about $30,000 a year in dividends.
Take a look at the all time chart on SPXL, it's been a wild ass ride. Hasn't been good on my long-term health holding this so long.
wats so hard about cycling in and out? sure you take less profit (IF) it rips but, it’s menial, and you have a self-rebalancing aspect? I scaled out of my larger TQQQ/SPXL positions, and just running a couple cheap calls to offset the possibility of further upside and losing that profit. if i’m wrong, profits were taken and losses become menial.
If you are using leveraged ETFs, at least compare yourself with the leveraged SP500 no? SPXL/UPRO. SPXL is up 105% over the past 2 years -> You generated no alpha
For 5 percent just put it in KORU and SPXL or KEEX oe MUU for a week or two, jeez. Momentum is real.
You‘re missing valuable leverage on the S&P. Add in SPXL as well
SPXL 270s were only 3$, let's see if this is a good lotto
If you like money, choose SPXL over VOO
Do I hold these SPXL calls like a regard or sell at open
If we have red day tomorrow and monday in loading up on SPXL calls
At your age I would consider buying SPX (or ETF equivalent) and SSO, maybe half and half. I don't think SPXL is a good idea personally. Basically hold the SPX until 10 years before retirement and then move 10-15% of it annually into bonds or something less risky until you're about 50% SPX and 50% conservative item. The SSO you hold for at least 15 years, but if there is a crash you have to add 5, 10, or 15 more years to it. Basically with the leveraged one the key is just to get out of it at some point when you're up after 15 years or some other relatively long time. You could hold it longer but I think this is a good approach. Or you could just skip the SSO and do SPX, but I think 2x leverage or less is basically OK.
Which is weird because im seeing options for next week on SPY dirt cheap, SPXL calls for 45$ next friday?? Dont mind if I do if this wants to keep running
Update. Based on a simple back test of VIX levels it’s slightly more profitable to hold SPXL. Still working on a solution
Why would you need ChatGPT for that? The data is on Yahoo, for free. You can check it without worrying about AI hallucinations and you can get an idea if you have a reasonable chance of executing the trades. I created and back tested my own strategy using long and short 3x ETFs several years ago and I started using it in 2022. On paper, back tested to December 2010, my strategy was giving 110% annual returns and making a trade once every 10 - 40 months. In reality, I have something around a 50% CAGR since then. But, I will say, you have to have the stomach for a 50% draw down. It is guaranteed to happen a lot. And just in the last year I went short and had it go against me, as the underlying just kept going up. If you're starting with $5,000 and have a job, you can go all in on a strategy like that initially, but, it doesn't take long before it just isn't comfortable and you have to keep a large portion in something very stable. You can do very well and sleep better at night by skipping the short side and just using SPXL and sitting in cash without going short. It's an option.
Right! I'm holding TQQQ and SPXL to the moon!
I wish that my wife and I can make as much as you and your wife. Really good financial situation you are in right now. If you are in doubt about of the market. You can put a little for say $250 a month into the auto invest account. I put to a leveraged ETFs like SPXL TQQQ, SOXL, but you can put to regular ETFs. I put $50 a week to my account since 2019 and I got $35000 gain from my total investment of $15000.
SPXL when s&p500 is at ATH, gg man
Why stop there? An ATM call on SPXL expiring Jan 27 is $40. That's basically 500x leverage on SPY. Go full regard
Probably do this with your money and not your moms. There is nothing wrong with LETFs if you have a game plan. I have my Roth in leveraged strategy but it’s not 100% 3x equity. The people crying about decay don’t understand they just parrot back what they hear. Yes it stonks trade sideways for decades you’ll lose money. At the end of the day stonks do always go up, so as long as you size and hedge appropriately, you can properly manage it. 100% SPXL is a little too risk on for me. And I definitely wouldn’t bet my mom’s retirement on it.
Buy: SPXL. Borrow: All that money from your mom. Die: Hope that she dies before she finds out how dissappainting you are.
Or TQQQ/SPXL/FNGU the last decade
SPXL resets leverage daily, so it’s not as bad as holding a typical leveraged etf long term
SPXL is even more fun, it is 3X.
Isn't SPXL 2x? Maybe a few days, not weeks 🤣
I like SPXL but I feel like we need to come back to earth a little first before a longer run. Very extended currently
I used chat GPT to backtest a strategy using SPXL with a VIX and crude oil based possible flip to SPXL. I think the flip is going to be where money is lost but maybe base the sell of SPXL on it and come back in a day or two later when markets start to settle. We’re gonna see the results of it.
SPXL calls are getting rinsed, feels like someone knows something
SPXL is getting slapped for options despite the small downward movement today, weird
i do both weekly contributions simultaniously. $150 into my roth and $150 into a brokerage. $55 in FCNTX, $55 into FXAIX, $20 into FSELX & $20 into SPXL. perfectly the same between both accounts. I also use Goldman Sachs Apple Savings for my HYSA getting 3.65% if that helps.
I use SPXU 3x leveraged inverse ETF Buy in morning, watch it constantly, sell usually the same day Fun for market timing, also use SPXL if I think we're gonna pump
Park it in TQQQ and/or SPXL shares. Hold long term.
and nobody in this thread is in the know only those that can say they predicted it are dip buyers. those guys don’t care about swings up or down, just care about entry. honestly gonna start just DCA into SPXL on every dip and that’s it mane.
The market can never go down again. Just put my entire net worth, mortgaged the house, sold every possession and threw it at SPXL.
Sacrificing my port to the SPXL gods. Capitulation is here. Act accordingly.
I bought SPXL 195 calls but dumped them after the first scam pump L0L. How was I supposed to know the scam pumps would just keep happening with no retracement.
Another way is to put only 1/3rd into SPXL and the other 2/3rds in SGOV, which more or less will get you the market return on the entire portfolio while only putting 1/3rd at risk, plus the TBill rate on 2/3rds of it. Then, whenever the S&P 500 sells off 20%+, deploy extra cash into SPXL. It's a safer way to use SPXL.
Yeah I know… the sp500 did exceptionally good the last 140 years with a CAGR of 10% If it keeps going like the last 140 years: Perfect. Then SPXL with some SMA strategy is good. But sp500 is projected to make less than 10% the next years.. I‘m probably gonna use it anyways. But I want to add another leveraged exposure, too. Like futures or synthetic futures so I get also a yearly leverage and not only a daily leverage. Diversifying the method of leverage, if you will.
Some 3x leveraged ETFs don't work over long periods of time, but SPXL does, because the S&P 500 has slightly more of an upside bias. SPXL started trading on November 5, 2008. I'll use 17.5 years for the CAGR calculation. It opened at $4.81 and closed today at $215.91. That's a 24.28% CAGR. SPY during the same period went from $99.20 to $686.10, which is an 11.68% CAGR. So, SPXL did a little over twice as well as SPY over a very long period of time. Granted it wasn't 3x, but that's still pretty impressive for a period that long, and which included the tail end of the 2008 crash, 5 bear markets, and 8 corrections.
Yes I know of leveraged ETFs like SPXL but the problem with them that they work rather poorly when volatility is high. You can still end up with weaker performance at the end even tho the sp500 had (lets say) 6% CAGR. That‘s why I wanted a clean leverage over a longer period, not a daily leverage because I dont want path dependance and volatility decay. Youre right about the „bet“. That‘s why I want to actively manage the risk. I‘ve heard about leveraged ETFs and SMA rules. I want to do similar to that but just not with daily leverage
UPRO $432 YOLO, avg 99.16, stop at 105: poor man's 3x SPY trade **Position** * 4 shares UPRO @ 99.16 avg * 68.93% of port (do not ask about the other 31%) * Open P&L: +$35.57 / +8.97% * Stop: $105. Hard. No moving it, no "just let it breathe bro" **The trade** I'm long 3x leveraged SPY into a tape where every large cap with three letters and a GPU is signing nine-figure capex deals before lunch. Meta just committed another $21B to CoreWeave this morning. Amazon is stocking Lilly's weight-loss pill in kiosks like it's Red Bull. The machines are buying, the boomers are buying, and the only thing the Fed is doing is watching. If you believe the AI capex cycle has another quarter in it, the cleanest way to express that without picking which hyperscaler ate the most glue is long index. And if you want 3x the pain with 3x the upside, that's UPRO. **Why UPRO and not SPY or futures** * SPY: boring, I'm not a pension fund * ES: I don't have the margin and I like sleeping * SPXL: same thing, Direxion just has worse swag * UPRO: 3x daily reset, tight spreads, and the decay only kills you if you buy chop. I did not buy chop. I bought the breakout. **The stop** 105 is \~3% below spot. On 3x that means SPX needs to drop \~1% through my line to clip me. Below 105 the chart loses the short-term structure I bought on and I'd rather eat a $15 loss than sit here arguing with the tape for two weeks. If we hit 105, I'm out. No averaging down. No "maybe just half." Out. **Risks** * AI capex trade finally gets the cold shower. Meta's $21B got a lukewarm reception this morning and if the next hyperscaler print misses on margins, the whole complex rolls * Hot CPI or labor print drags yields back above 4.5% and the multiple expansion thesis dies in a ditch * Leverage decay if we chop sideways for a week. UPRO bleeds in range-bound tape * I have four shares. Four. If I'm right, I buy a nice dinner. If I'm wrong, I buy a less nice dinner **Positioning** $432 notional, \~$1,300 equivalent SPY exposure at 3x. Stop at 105 = \~$12 max loss from here, \~$15 from avg. R:R at this point is basically free roll because I'm already sitting on +$35. https://preview.redd.it/u14h6df4o6ug1.png?width=924&format=png&auto=webp&s=9cfa923a73416a167d87c44c1fb858c8616374b5 Not financial advice. I'm a guy with four shares of a leveraged ETF. Take trading cues from me at your own regardation.
Next time, you could just roll from spy to TQQQ/SPXL. You 1x the ride down and 3x it up. Its not exciting but it grows. Then when a new ATH SPY is hit, roll it back to spy. Just dont lose patience and try to swing trade tqqq with your port or you get caught with your pants down like I did.
I decided to dip my toes in the market by buying a few SPXL shares at the end of the day. I wish I bought much more. 😭😭😭
Did you keep any dry powder? Would be a good time to hedge with SPXL... 🙄
The spread on SPXL options is so fucking terrible and the leverage is priced into the option, so you're not getting anything more than with SPY options. You belong here
Options take in the volatility of 3x leveraged ETFs in their pricing. Theres no reason to buy options on 3x leveraged ETFs other than to get worse fills and lower volume. An SPX option would make the same percentage gains/losses as SPXL option
SPXL/U options are where it's at!
Bro that’s like 37 US dollars and a Tim Hortons gift card, I’ll be fine But fr, it’s about 15k USD. Still a chunky gamble on SPXL if this “little correction” keeps correcting
The 6000% chart is basically cherry-picked from a mostly straight up decade; 3x daily leverage is amazing in a trend and brutal in chop. Borrowing to hold SPXL through a sideways year is how you learn what volatility drag feels like in real time.
Puts on SPXL or calls on SPXS?
damn, that’s a bold move! ngl, SPXL can be a wild ride, especially with all the headlines around the Iran situation and housing market jitters. hope you're right about it just being a correction and not a full-on bear market. have you thought about how you’d handle it if it dips more than you expect? just keep an eye on it... good luck, man!
But why SPXL? At this rate, might as well bet bigger, TQQQ or SOXL.