$USLV

I'm looking at $USLV futures; the 13.32 level has been a decent support point today. If it breaks decisively below that, my current bullish scenario is likely invalidated, and I'd reassess.

Been dabbling in some commodity ETFs recently, specifically the leveraged ones like $UGAZ or $USLV when I'm feeling a bit more confident in a short-term direction. My concern is around proper risk sizing, especially with the daily rebalancing impact. I know the general rule of not risking more than X% of your account on any one trade, but with these leveraged products, the position size needed to maintain that seems to shift constantly. How do you guys factor in the decay and compounding in your risk models for these, or do you just treat them more like short-term, higher-conviction plays with tighter stops?