Day Trader’s Weekend Aftermarket Lounge 27-29 Mar 2020, page-17

Unfortunately for some I am seeing a lot of posts from peeps wanting to jump into the ETF's because they are only seeing potential gains, without understanding what an ETF is.

Please peeps, consider the fact that some of these funds, including BBOZ, are leveraged. In the case of BBOZ for arguments sake, if the S&P500 goes up tonight by 3% you will be looking at a 6 to 7% loss from tonights close on Monday morning if you are holding.

Obviously the inverse is true if the S&P500 goes down.

The point is the futures will be closed, so you just gambled what is happening in several hours time with no recourse.