Direxion Daily TSLA Bull 2X Shares Stock Discussion

买跌不追涨 : Performance speaks for itself, while policies are temporary.

MCKY1 OP : finally reached 280 you win

Bratch172 : 300 is next dont pull out too soon

MCKY1 OP Bratch172 : You are right! This week if can break 300 ( the new resistance point), the price will keep raising soon

74027860 : Must’ve held for some quite a few weeks. Might want to look into decay characteristics for these levered etfs

Powdahound 74027860 : can you tell us what you know about the decay. it does not pay a divident so there should not bs any nav erosion. How does the decay work?

74027860 Powdahound : Just math right? The rate of change on the etf is always double of the stock. Take any number, say 100, increase it 10% then decrease it 10%, do it a few times, then do it again increase and decrease by 20%. The value of the 20% is going to drop more. Not sure the underlying stock was at when the etf was $13, but even if tsla goes back to that level, the 2x will likely be less than 13.