Replies to post #16853 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[Ole Broke Azz]

with the decay factor these 3x bulls and bears were intended for just that

buying and holding one of these for long term is probably about 3x the risk

[Montanore]

And that's true about ETFs in general due to decay and the fact that everyone trades them--they don't hold 'em for long.