SOXL is a risky 3x leveraged ETF that can go to zero permanently and is forced to sell into weakness, potentially worsening market declines.

Oh, it's soil's the 3x.

Uh so you know when those expectations shift or like the Korean situation happens that that hits the index pretty hard. Uh wow that's a big allocation in there. Sockil, and I'm not saying that like it's now and it's it's definitely the bottom.

But, uh the real concern is, you know, when a 3x ETF goes to zero, it doesn't come back. The leveraged ETFs don't.

Uh but if it booms on, let's say, Nvidia earnings, it lowers the floor and you can kind of trail with it. Socks is part of that. So that's another problem is is the leveraged ETFs. they'll have to basically sell into red at the end of the day.

And so that sucks. Like Socks is going to have to sell at the end of the day.

And sometimes that actually leads the market to sell off worse at the end of the day. Uh because they're basically selling into weakness. And usually our logic is, oh, we should be buying into weakness.

Uh but that doesn't work with leverage. As usual, leverage is is the the death nail.

So, when you're when you're in Sockil you're 3x exposed to a 7.7% position in Micron.