May. 8 at 8:19 AM
$CONL down 5.4% premarket but session vol is 0.04x avg so this is just COIN's premarket fade getting amplified 2x, not real signal. flat on this one, I'd rather just trade COIN directly than eat the leverage decay on a 2x daily reset product when the tape's this thin. been burned holding these overnight before, that YTD chart is exactly what happens when you forget how the math works. anyone actually swing these or are you all day-only like me?
what hit overnight: https://tapeboard.com/chart/CONL?utm_source=stocktwits&utm_medium=post&utm_campaign=olivia&utm_content=conl-pm-dn