$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ 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.