182265083
commented on
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ I cut my losses today. -1.5 million.
The reason for this is that, due to the nature of leverage, I thought that even if "sox" returned to its highest value in July, soxl would stop at around 30 to 40, so I made the decision.
I think that for soxl to reach its highest value, it would require a performance similar to NVIDIA in the first half of this year, but I don't think it will happen for at least a few years.
I concluded that soxl is not suitable for long-term holding.
Since I am still in my first year of investing in stocks, I would like to hear your thoughts on this determination.
The reason for this is that, due to the nature of leverage, I thought that even if "sox" returned to its highest value in July, soxl would stop at around 30 to 40, so I made the decision.
I think that for soxl to reach its highest value, it would require a performance similar to NVIDIA in the first half of this year, but I don't think it will happen for at least a few years.
I concluded that soxl is not suitable for long-term holding.
Since I am still in my first year of investing in stocks, I would like to hear your thoughts on this determination.
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182265083 : Indeed, 1.5 million is a large sum of money. Before considering its suitability for long-term or short-term investments, I believe it is important to determine the percentage of this amount in relation to the total assets. This will determine the categorization into investors, speculators, gamblers, adventurers, heroes, fools, dream chasers, and Edoites, among others.
Bankroll management is important.