I tried to read up on etfs like dust and nugt. I'm still having a hard time understanding. I understand that they move 3x the amount that the index does. So my question is this. If I bought shares of nugt at $10.00 is the 3x built into the price? Or does the 3x only come into play when you sell?
Example: if I buy at shares at 10 and sell at 10.50 will I see a return of .50 per share or 1.50 per share?
I realize the whole thing is high stakes gambling, I'm just trying to figure out why it's worth it and how to gauge profit/loss.
Submitted April 12, 2017 at 12:34PM by ProfFartsalot http://ift.tt/2p8K9AS
