$XL2CSOPHYNIX(07709.HK)

I see too many people who don't understand leveraged ETFs, they just keep repeating the same old AI-generated talking points, saying things like 'decay makes them unsuitable for long-term holding.' Could you please study a bit more deeply? Even a simple manual backtest would show you.

In a one-sided market trend, leveraged ETFs will accelerate gains even more. Of course, the recent days of intense volatility and drawdowns will also lead to greater losses. Whether to hold a leveraged ETF depends entirely on whether the underlying stock has a major trend or one-sided movement. It's not as simple as just saying 'not suitable.'

Backtesting from this chart shows the 2x leveraged ETF achieved up to a 3x effect. Of course, there would be many other, even larger multiples during the intermediate backtested waves. Looking over three months, despite the decay over the last ten-plus days causing significant losses, it still has a 1.5x return, which is stronger than holding the underlying stock.

Whether to use leveraged ETFs depends on your own position management, fundamental judgment of the individual stock, and return requirements. It's not about asking in the comment section every day why it's not exactly 2x today or if someone's 'stealing' the returns.

Of course, after the ADR (American Depositary Receipt) is issued, I personally will go to the US stock market to trade options, reducing some capital commitment and being more flexible.