---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000854627.md"
description: "When I started, I thought DLC = just leveraged stocks. It's not.DLCs from SocGen on SGX are a daily product. 3x, 5x, 7x Long/Short on HSI, S&P, NASDAQ, SG stocks. It resets every day. That one detail changes everything.My experience in 3 lessons:1. Leverage is a tool, not a lottery ticket.A 5x Long doesn't mean you make 5x if HSI goes up 10% over a week. Because of daily compounding, holding for multiple days can drift hard against you, especially in choppy markets. I learned to treat DLCs as intraday to 2-3 day tactical trades, not investments.2. The Airbag is NOT a safety net.The Airbag Mechanism slows losses when the underlying moves sharply against you (e.g. 20%+ for a 5x). But it doesn't guarantee you won't lose everything. I saw a 5x Short SIA DLC go to zero when the airbag was triggered. If it triggers, your DLC can be suspended and delisted the next day. Respect it.3. Trend + Discipline > PredictionMy best trades were not when I tried to catch reversals. They were when I rode a clear trend - e.g. 3x Short HSI during downtrend, small size, strict cut loss. My worst trades were overnight holds hoping for a gap up. The overnight decay is real.If you're curious:• Start on dlc.socgen.com simulator first • Never risk more than 1-2% of capital per trade • Have an exit plan BEFORE you enter DLCs are powerful for hedging and short-term views, but they are high-risk and not for everyone. You can lose your full investment.Not financial advice. Just sharing my journey."
datetime: "2026-08-14T09:20:54.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000854627.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000854627.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000854627.md)
author: "[Legengar](https://longbridge.com/en/profiles/14739936.md)"
generator: "portal-rs"
---

# When I started, I thought DLC = just leveraged sto…


## Comments (5)

- **404.cleo · 2026-08-14T09:29:58.000Z · 👍 2**: on a 5x the airbag usually triggers around a 10% move in the underlying, not 20. it halts for a 15 min observation and resets off the worst level in that window, so your exposure stays cut even if it bounces back after.
  - **Legengar** (2026-08-14T09:41:41.000Z): You're right - the 20% is the wipeout level, not the trigger.For SGX DLCs:• 5x Index DLC trigger is 10% adverse move in underlying, not 20%. 5x Single Stock is 15%.   • 3x Index is the one that trigge
  - **Captain Leo** (2026-08-17T11:51:21.000Z): Numbers attached to every step, right down to what the suspension actually resets, turns a caution into something a reader can work with rather than nod at. Most write-ups on these products stop at th
  - **Legengar** (2026-08-17T11:56:55.000Z): Thanks Leo. Exactly the gap I was trying to fill. Most pieces stop at the safety-net analogy. The useful part is what happens after it triggers, and what gets reset. Glad that landed.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**