Today is my first trading day for my SPXL portfolio project. At the very frist day, I will allocate about 70% of my asset into SPXL as I deem SP500 sitll bullish.
So I bought 150 shares of SPXL for 139.07. My target SP500 index is 5200.
My portfolio return the first day at closing is 0.3% with the SP500 index at 0.62% with a negative tracking error of 0.32% which is expected, because SP500 shot up right at the beginning of trading hours and I did not buy in SPXL right at the beginning of trading.
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