I'm a data scientist and I've built a strategy that seems to be working well on leveraged etfs. Apart from trading my personal capital, what else can I do?
I agree with your analysis 100%. Great review! Thanks! Among others, I own Broadcom, QQQ, and SOXL (triple leveraged SOXX). With my research, it appears SOXX almost perfectly mirrors QQQ (the NASDAQ) but over the last 5 years, has about 2% upside every year over QQQ. SOXX mirrors QQQ better than it mirrors SOXL and in fact, SOXX and SOXL look like two unrelated ETFs. SOXL is as volatile as hell, but if started in a bullish year, way outperforms SOXX within a few months. If started in a bearish year, SOXL will take about 2 years to catch up then significantly outperform SOXX.
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SOXQ for 2022 and beyond
Where can you buy PHLX Semiconductor (^SOX)
Good analysis! Subscribed
I'm confused between SOXX and XSD, can you give me some reasons on why you chose SOXX over XSD?
I'm a data scientist and I've built a strategy that seems to be working well on leveraged etfs.
Apart from trading my personal capital, what else can I do?
I agree with your analysis 100%. Great review! Thanks! Among others, I own Broadcom, QQQ, and SOXL (triple leveraged SOXX). With my research, it appears SOXX almost perfectly mirrors QQQ (the NASDAQ) but over the last 5 years, has about 2% upside every year over QQQ. SOXX mirrors QQQ better than it mirrors SOXL and in fact, SOXX and SOXL look like two unrelated ETFs. SOXL is as volatile as hell, but if started in a bullish year, way outperforms SOXX within a few months. If started in a bearish year, SOXL will take about 2 years to catch up then significantly outperform SOXX.
Soxl can go up to 45 in July?
Based on the current trends, yes.