/biz/ - Business & Finance

>>20583077
Tradingview. We track SOXX because SOXL is based on SOXX, it's just the leveraged version. So when we trade it, really we are trading SOXX which is the direct representation of all the stocks in the semiconductor index basket. Volatility more than anything else is the death of leveraged ETFs and when the underlying goes under the 200 dma that's when volatility is the highest and we need to get out of our position. When it goes back above, it's smooth sailing and we get back in. Fortunately volatility, unlike price is fairly easy to predict which gives us a huge advantage when dealing with leveraged ETFs