I'm feeling somewhat contrarian about NVDA, actually. But I know if I bet against it, I'll get obliterated.
I'll just trade TQQQ again next week and watch the cool kids from the corner of the party as they make and lose millions
MSOS gains 1 dollar and MSOX gains 2. MSOS loses 1 dollar and MSOX gains 2. Leveraged funds use covered calls to maintain a market edge in their selected space. If you're expecting very low movement that the leveraged accounts are bad since they lose capital to transaction fees as they shift their portfolio around. But if you're expecting a bunch of movement in one direction, then you might as well go with the leveraged etf. Same reason I buy TQQQ instead of QQQ as well.
Obviously, do more independent research. But that's a very basic explanation.
>*"Don't hate the player, hate the game."*
Reverse should also apply *"Don't pity the player, pity the game."*
OP could have literally put that into any single or combination of VOO/QQQ/IWM/SSO/QLD/UWM/UPRO/TQQQ/TNA/SGOV/BIL/GLD/SLV and be up big since we've had free/easy money in 2020 (compared to prior recessions), easy to buy dips (vs say 2000 where we had a 3 years of back-to-back-to-back declines that would have broken most investors let alone """💎✋""" regards), a strong job market with wage increases (vs GFC), and strong bull markets the last 4 years but they decided they want to gamble instead and their bet didn't pay off.
For every 10-1000 OPs there are a few with a post like the one from the other day about being in their early 20s and waking up a millionaire. Do not lament for the losses of gamblers, but lament our society/system that has restricted the opportunities of upward mobility via work yet made gambling all the more accessible to the point that young men will "YOLO" their lives away on speculative shit because they see it as their best/only way to "make it".
Can’t back into tqqq for another 3 days because I sold it all at a wash sale loss ![img](emote|t5_2th52|31225)(still made more with my baba leap so I’m ok)