哦，那是3倍做多。
Oh, it's soil's the 3x.
所以当那些预期发生变化，或者像韩国的情况发生时，那会对指数造成相当大的打击。哇，那是一个很大的配置。Sockil，我并不是说现在就是底部，而且这绝对是底部。
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.
但是，真正的担忧是，你知道，当3倍杠杆ETF归零时，它不会回来。杠杆ETF不会。
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.
但如果它因英伟达的财报而暴涨，它会降低底部，你可以跟着它走。Socks是其中的一部分。所以另一个问题是杠杆ETF。他们基本上必须在收盘时卖出。所以那很糟糕。比如Socks将不得不在收盘时卖出。
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.
有时这实际上会导致市场在收盘时跌得更厉害。因为他们基本上是在弱势中卖出。通常我们的逻辑是，我们应该在弱势中买入。但这对杠杆不适用。像往常一样，杠杆是致命一击。
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.
所以，当你在Sockil中时，你对美光7.7%的仓位有3倍的风险敞口。
So, when you're when you're in Sockil you're 3x exposed to a 7.7% position in Micron.
所以退出总是很难。
Uh so getting out of it is always hard.