I keep reading that holding leverages etf funds overnight is a bad idea. I understand they are leveraged so they will go down just as fast as up, but is there a deeper reason?
Here is an example where the fund has a public warning basically saying this. It’s in the overview section https://www.direxion.com/product/daily-regional-banks-bull-3x-etf?keyword=bank%20etfs&gclid=CjwKCAjw8cCGBhB6EiwAgOReyz6iqGg6v6mB64QMkb9k6KF-Z7r3erLycrvIEw5xAJkCQtM5QpqclBoC-lYQAvD_BwE
Submitted June 21, 2021 at 11:29PM by fremontseahawk https://ift.tt/3gRXUzG
