Comments by "Marcus W" (@Mawyou) on "Direxion files for single-stock ETFs. Why they could change the equation" video.

You get (roughly) twice the gain as well as twice the loss for any money you put into individual stocks. But the math behind how these work means it could be much more or much less than 2x in either direction over the long term, depending on how much the underlying stock moves up and down. That's why they are technically not meant to be held for more than a day ("resets daily"). A responsible advisor would tell you to stay away from individual stocks. This is an even bigger bet on individual stocks. You would have made so much money in 2021 betting on a leveraged Apple etf. And then you would have lost 25% in just the first 2 months of 2022. Very dangerous and could cause you to make bad emotional decisions on a whim. And a bad recession could wipe it out completely. Might not be approved because of the potential for massive losses by novices trying to make a quick buck.
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