A retail investor holding a leveraged SK Hynix ETF posted an account screenshot showing a KRW 2.1 billion unrealized loss on 13일, when SK Hynix stocks fell over 13% intraday and broke below the KRW 1.9 million level. The investor holds 212,586 shares of the TIGER SK Hynix Single Stock Leverage ETF with a purchase cost of approximately KRW 5 billion and a current valuation of approximately KRW 2.9 billion, reflecting a -42.04% loss rate. The investor stated they switched from a Hong Kong leveraged product and paid KRW 600 million in capital gains tax during the transition, and despite the recorded loss, they claim to still be in an overall profit zone and intend to hold the position. Leveraged ETFs amplify daily returns of the underlying asset, magnifying both gains during rallies and losses during declines.
Investor Holds 212,586 Shares with KRW 2.1 Billion Unrealized Loss
On 13일, an online community post titled "Is Everything a Fleeting Dream (feat. Nix Leverage 210,000 Shares)" shared an account screenshot showing holdings of 212,586 shares of the TIGER SK Hynix Single Stock Leverage ETF. The purchase amount was approximately KRW 5 billion, the current valuation was approximately KRW 2.9 billion, and the unrealized loss was approximately KRW -2.1 billion with a loss rate of -42.04%. The investor wrote in the accompanying post, "I don't know if holding on is greed or if letting go is wise—it feels like wandering in fog. It's a difficult day. Still, I believe in Hynix and will hold on."
In the comment section, the investor clarified, "I'm still in the profit zone" and "I switched from Hong Kong leverage." This indicates that despite recording a loss exceeding KRW 2 billion, the investor remains in an overall profit position. When another user asked, "If you switched from a Hong Kong leveraged product, wasn't the capital gains tax substantial?" the investor replied, "Yes. It was KRW 600 million." This refers to the overseas stock capital gains tax paid when liquidating the Hong Kong leveraged product and switching to the domestic product.
To advice recommending a stop-loss, the investor responded, "Is this the end of a gambler or the bet of a beast's heart?" When a commenter noted, "SK Hynix would need to hit KRW 4 million for you to recover your principal," the investor replied, "If it hits KRW 4 million, (my money) will be KRW 20 billion." The investor added, "Since January, despite several corrections, leverage kept going up. I think this situation came from a learning effect, and I want to maintain my position."
Community Members Advise Switching to Underlying Stock
Advice highlighting the risks of leveraged products followed. Many users recommended switching to the underlying stock, with comments such as, "You're holding leverage—what are you waiting for? With the underlying stock you can hold, but with leverage it's already over," and "With leverage, if it falls, it needs to rise double the drop just to break even. Sell and switch to the underlying stock." Reactions such as "Partial stop-loss" and "Wouldn't it be better to sell and switch to the underlying stock?" also appeared.
Other users commented on the post with remarks such as, "I really hope this is fake," "I've never seen numbers in the tens of billions," and "Even at the same loss rate, the feeling is different when it's in the hundreds of millions." Supportive comments also followed, including "I sincerely support you. I didn't know there was someone worse off than me," "I'm upset but glad to see you here," "Sending comfort. Cheer up," and "Stay strong."
TIGER SK Hynix Single Stock Leverage ETF Amplifies Daily Returns
The TIGER SK Hynix Single Stock Leverage ETF is a product that tracks the daily fluctuations of SK Hynix with leverage. When the underlying asset rises, returns are multiplied, but when it falls, losses are magnified by the same factor.
FAQ
What loss did the retail investor post on 13일?
The investor posted an account screenshot showing an unrealized loss of approximately KRW 2.1 billion on 212,586 shares of the TIGER SK Hynix Single Stock Leverage ETF, with a loss rate of -42.04%.
How much capital gains tax did the investor pay when switching from the Hong Kong leveraged product?
The investor stated they paid KRW 600 million in overseas stock capital gains tax when liquidating the Hong Kong leveraged product and switching to the domestic ETF.
