When it comes to leveraged ETFs, some people instinctively react by saying the decay is high. Most of them don’t even understand what decay is, probably rarely trade leveraged ETFs, or just don’t get the essence of it. It’s simple. Let me give you an example that’ll make it crystal clear. Take TQQQ, for instance. You bought it at $20, the trend goes up to $30, and now it’s at $50. So, where’s the so-called decay? Where’s the decay you’re talking about? Do you still care about that nonsense decay? The essence of decay is getting the direction wrong. If you’re wrong about the direction, it’s a death spiral and you lose more. But if you’re right about the direction? It’s a profit spiral, and you make even more.