Allocra @allocra.co · Jun 9 1 / 2
"Leveraged" Tesla holders finished the 2024 to 2025 round trip materially worse than people who held Tesla itself. Not a bug. The product working as the maths requires. Daily-reset leveraged ETFs (TSLL, NVDL, TQQQ) decay in volatile tape. The maths is the marketing's quiet contradiction.
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Exactly — the round trip is the trap. A 2x ETF that drops 40% then recovers 40% still ends below where it started, while the stock breaks even. Daily reset bleeds the zig-zag, not the trend. TSLL/TQQQ holders keep re-learning this the expensive way.