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Summary
The words "three times", "levered" and "retail" ought to put you on notice that this thing is not for the faint of heart.
It should also signify the need for stops at a level to suit your risk appetite.
Gut-wrenching fear notwithstanding, this ETF offers a good risk/reward opportunity in our view. Did we mention using stops?
For our paying members only, we lay out our price targets and proposed stop-loss levels below. You can sign up right here if you’ve yet to become a paying member of this service.