I first entered at just over 169 with #SOXL , and then it started a smooth slide down. By the time I held on all the way to 105, I was already down over 10,000 U. My liquidation price was 69—a figure that still seemed quite far away, one I thought it would never reach. In the end, I really understood that saying: you should always dare to imagine what U.S. stocks can do. Don’t assume they can’t fall any further.
Fortunately, during the rebound, I cut my losses and got out at 105. I hope to buy back in at a lower price. But when will that lower price come? I used to think 105 was already very low. Now, just to get back to 105, it would need to rise nearly 40%. You still have to respect assets with three-times leverage.
So when, exactly, will the so-called bottom finally appear?
Fortunately, during the rebound, I cut my losses and got out at 105. I hope to buy back in at a lower price. But when will that lower price come? I used to think 105 was already very low. Now, just to get back to 105, it would need to rise nearly 40%. You still have to respect assets with three-times leverage.
So when, exactly, will the so-called bottom finally appear?