BUY Conviction3/5 Analysis quality65/100 around a specific event like earnings or a product announcement
The YouTuber suggests using NVDL for short-term trades around specific events like earnings reports or product announcements. He cites Nvidia's past earnings jump and the corresponding magnified return in NVDL as an example of this strategy.
“investing around a specific event like earnings a product announcement or some other expected news we're just coming into fourth quarter earnings and could see some big moves in stocks as they report their profits shares of Nvidia jumped 16% on its fourth quarter report last year posting Revenue that surged 2 65% for those 3 months but then investors trading the event in shares of the 2x long nvda ETF the nvdl saw the fund increase 32% on that day”