This ETF offers 3x daily leverage to the PHLX Semiconductor index.
making it a powerful tool for investors with a bullish outlook on semiconductor stocks.
Investors should note that SOXL's leverage resets daily, leading to compounding returns when held for multiple periods.
SOXL can be a powerful tool for sophisticated investors, and is not suitable for every investor/trader.
(The ETF's holdings are attached in the image)
I identify an interesting trade here, so I took it for a dynamic swing trade, without a stop loss.
*Note! The ETF's price at this moment is: $37.8. I entered a first tranche.
We remind you that the ETF is 3x leveraged!
- Nothing stated herein constitutes a recommendation to act!
- Anyone using this information does so at their own discretion and sole personal responsibility!