I closed
$Direxion Daily 20 Year Plus Treasury Bull 3x Shares(TMF)$ ,
I decided to sell TMF in the overnight market because I believe leveraged ETFs like TMF are more suitable for short-term trading rather than long-term holding. These ETFs use derivatives to amplify returns, which can be advantageous in the short term but also lead to higher volatility. Over longer periods, the effects of daily rebalancing and compounding can cause them to stray from their intended performance, particularly if the market is flat or volatile. Additionally, I'm cautious about holding them overnight due to the lower liquidity in the overnight market compared to regular trading hours. When the price moved enough for a potential profit, I took the opportunity to sell.
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