Recently, I accidentally came across $Direxion Daily TSM Bull 2X Shares(TSMX.US). The name of this ETF feels longer than breakfast, lol 🙃. Essentially, it's just betting on TSMC to double. The portfolio is solely focused on TSM, with 2X leverage that's thrilling to the point of making your scalp tingle. The trading volume recently skyrocketed to tens of millions of dollars—the liquidity is visibly hot. But while it's exciting, you have to endure the management fees, which are ridiculously high. I never hold out hope for the payout part; I just treat it as buying a short-term experience pack 😂. From time to time, you can see the news causing the price to soar or crash in minutes. Whenever TSMC makes an announcement, I check how the ETF reacts first. Have any of you tried it? What's the chance of stepping on a landmine?
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