First of all, thank you for answering my question given my past history. I am used to trading 2x leverage which are dangerous. This is the second time I trade 3x (the first was TZA) and those are VERY dangerous. It is known that you are an "expert" in trading these instruments and therefore your knowledge of managing the risk of that trade is invaluable to me and others, I am sure.
This explanation now makes it very clear to me. Thank you