Hello Brian 😀

Precisely, leveraged ETFs like the SSO and TQQQ work both ways.

TQQQ example:

- Nasdaq goes up 1% in one day, TQQQ goes up 3%.

- Nasdaq declines 1% in one day, TQQQ declines 3%.

For this reason, they are definitely more volatile.

Depending on your investment profile, some people accept more or less volatility. Here's an article I wrote about volatility.