/biz/ - Business & Finance

>>2474602
Meant to say shit bro... no idea where myo will go monday but I do feel like there's currently no attention on it...

>>2066833
They are 3x leveraged etfs. They always go to zero. Read about decay. Never hold leveraged etfs long.

Basically they track an index of certain actual stocks. Except when that index goes up 1% you gain 3% and vice versa. So you put $1 into jnug, the stocks it tracks go up 1% you now have 1.03. Except the next day those stocks go down 1% you think you broke even, but you didn't. You lost 1% OF THAT 1.03 so you lost more.

Basically they're a scam to take money from millenials. You can make money, just know what you're getting into and don't hold. I keep some at the top of my watchlist for daytrading when I'm bored and only hold for 2 hours or less.