---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43269534.md"
description: "The biggest mistake I made was: buying a 2x leveraged long ETF with a long-term holding mindset, thinking that if the underlying stock returned to its highs, the ETF would also return to its peak... I originally intended to hold it for two or three years, until one day I saw that the underlying stock hadn't even reached its lowest point yet, but the ETF was already 30% lower than its previous low. I was completely stunned."
datetime: "2026-08-07T10:40:44.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43269534.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43269534.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43269534.md)
author: "[寻勋日渐发财](https://longbridge.com/en/profiles/20323443.md)"
---

# The biggest mistake I made was: buying a 2x levera…


### Related Stocks

- [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md)
- [SKHYV.US](https://longbridge.com/en/quote/SKHYV.US.md)
- [NOA3.DE](https://longbridge.com/en/quote/NOA3.DE.md)
- [NOK.US](https://longbridge.com/en/quote/NOK.US.md)
- [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md)
- [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md)
- [GOOGN.US](https://longbridge.com/en/quote/GOOGN.US.md)
- [09992.HK](https://longbridge.com/en/quote/09992.HK.md)
- [HPPD.SG](https://longbridge.com/en/quote/HPPD.SG.md)
- [PDD.US](https://longbridge.com/en/quote/PDD.US.md)
- [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md)
- [06869.HK](https://longbridge.com/en/quote/06869.HK.md)
- [601869.CN](https://longbridge.com/en/quote/601869.CN.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [DUOL.US](https://longbridge.com/en/quote/DUOL.US.md)
- [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md)
- [BMNP.US](https://longbridge.com/en/quote/BMNP.US.md)
- [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md)
- [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md)
- [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md)
- [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md)
- [07788.HK](https://longbridge.com/en/quote/07788.HK.md)
- [07388.HK](https://longbridge.com/en/quote/07388.HK.md)

## Comments (10)

- **Elvis bond · 2026-08-07T13:32:45.000Z · 👍 1**: Leveraged ETFs erode principal and are only suitable for short-term trading; long-term holding carries the risk of going to zero.
- **小米，美团还钱 · 2026-08-07T11:33:14.000Z**: Still paying a premium, looks like everyone fell into this misconception
- **逸~ · 2026-08-07T11:18:25.000Z**: Me too. I had a negative cost basis and even added to my position during the decline, resulting in a loss. Even good companies don't always rise continuously, and we might have chosen the wrong products 😭
- **Jie Chen · 2026-08-07T11:15:27.000Z**: Same here, lost 80% of my returns
- **今天不吃面 · 2026-08-07T11:10:03.000Z**: Bought this kind of leverage for the first time, completely clueless, held on through losses, now I'm truly dumbfounded
- **行哲（躺平版） · 2026-08-07T10:44:03.000Z · 👍 1**: I've fallen into this trap too, so when opening a position in ETFs, you must set a stop-loss. It's not to prevent the price from falling, but to prevent yourself from stubbornly holding on.
  - **寻勋日渐发财** (2026-08-07T11:22:39.000Z): Yes, leveraged ETFs are only for day trading. I initially thought that while financing requires paying interest, leveraged ETFs only need principal to buy, saving on financing interest. What a big sma
- **曹爽爽 · 2026-08-07T10:43:44.000Z · 👍 1**: It really should have been buying the underlying stock. When the ADRs came out, I cut my Hong Kong stocks and ran at 90, which would have been much better than running at 30 now.
  - **逸~** (2026-08-07T11:19:13.000Z): I had planned to cut it out back then, but I was too greedy 😭
  - **我不会算溢价** (2026-08-07T13:39:33.000Z): adr 出来的时候只有 50 了吧