This is worse than gambling... SOXL plunges 40% in a single day, what will happen to retail investors?

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The preference for leveraged ETFs among domestic investors is evident in the previous buying trends. According to the Korea Securities Depository, the net purchase volume of SOXL by domestic investors last October was $2.96785 billion, ranking first among all overseas stocks. Considering that the net purchase volume for SpaceX, the second-ranked stock, was $468.07 million during the same period, this amount is more than six times higher. During the same period, the net purchase volume of TQQQ was $221.14 million, ranking sixth in net purchases by domestic investors.
Korean stock investors really love gambling.