02-25-2021, 01:47 PM
(02-25-2021, 01:27 PM)ken-do-nim Wrote: It's been a tough couple of weeks. I peeked a few minutes ago SOXL is down $100 points. I may have to simply not look again until mid-March if I can help it.It's hard to know what to do with your SOXL for now since it is 3X leveraged, but even a 10% market pullback from here will be brutal. You are still sitting on big gains still right? I sold my SOXX a few weeks ago as you know. It just ran too fast. It's a great ETF and FWIW here is my plan going forward. If the techs get hurt much more I will start averaging into SOXX. I have an entry target. Whatever month the market stabilizes I'll get a little bold and gradually flip a little into SOXL and try to score. I'll never see a 5X gain on SOXL because I will be booking profits into something that will feed me income until I die. Your strategerie may vary.
For now my port is down 1% this week. I sleep better with some risk management.