๐๐๐The launch of 5x leveraged ETFs - especially those targeting the Magnificent 7 or AI tech heavy stocks is certainly very exciting and will amp up traders ' risk appetite.
These kind of products are not for the faint hearted investors as they reset daily, magnify both gains and losses and are vulnerable to volatility.
A 5x leverage means a 2% down day becomes a 10% loss. It could also mean that if the market is up 2%, then it is a 10% gain.
Exciting times are ahead for traders ahead.
@Tiger_comments @TigerStars @CaptainTiger @TigerClub @Tiger_SG
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