nomadic_m
05-10
$GraniteShares 2x Long NVDA Daily ETF(NVDL)$ is brewing, let's see if it will turbo charge my gains

small note to other tiger investors...

- I realized that most leveraged ETFs are not offered as fractional shares ( $Nasdaq100 Bull 3X ETF(TQQQ)$ & $Nasdaq100 Bear 3X ETF(SQQQ)$ does)
- every trade (buy or sell) is nzd2. if buying & subsequently selling 1 unit, the cost is nzd4. the stock price has to soar a mega amount in order to gain back your fees
- so if trading small position, it's only worth it with tiger coins & fee waiver vouchers. otherwise, buy big or don't buy at all
- plus, leveraged ETFs are not suitable for long term hold, not for the faint hearted

good luck mates 🀞

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