I have always heard that leveraged stocks lose value over time so you shouldn't hold them long term. Let's say for example that the spy traded sideways for a week. For the sake of easy math it started Monday at $400 and by close Friday it was still $400. Would SPXL, a 3x bull leverage of the SPY, go down during this time and if so by how much. How much would the spy need to increase over a week(or month?) In order for SPXL to stay the same?
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