SOXL - Direxion Daily Semiconductor Bull 3X Shares

Gareth is personally shorting SOXL instead of buying SOXS because triple leveraged ETFs naturally decay toward zero over time due to daily reset mechanics. He expects continued depreciation.

Gareth personally flipped from SOXS to shorting SOXL. Triple-long ETFs have built-in depreciation due to daily resets — they always trend toward zero over time. Shorting SOXL gives him both the bearish semi thesis AND the depreciation edge.

Gareth flipped from long SOXS to short SOXL, exploiting the natural depreciation built into leveraged ETFs. By shorting SOXL, he profits from both the bearish semiconductor view and the structural decay of the leveraged ETF.