🚀 3x Leverage, Zero Bubble: My Case for Staying Long on Semis
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 🚀 It's been a while since I have been on the bandwagon for Semiconductors. Recently someone asked me a question, why am I holding on to SOXL for so long, am I not afraid of the volatility decay? I felt it was the right question, but without the right context it would lead to an assumption that I hold SOXL for the long term. I don't, at least not in the "buy and forget" sense. Let me explain both halves of that — the decay risk, and why I still think the underlying thesis justifies leaning into a 3x leveraged product right now. On volatility decay SOXL is a daily-reset leveraged ETF. It targets 3x the daily move of the semiconductor index it tracks, not 3x the move
$SpaceX(SPCX)$ bought some at 150 and 165. let's see where this 🚀 takes us. there is too much hype around this stock and I do trust their vision but also afraid of all the mergers that have taken place in last few years. the two prominent business that I see where there is medium to long term growth - starlink and xai, while the rocket business is very long term and we might not see much growth there. what are your thoughts?
$Broadcom(AVGO)$ why people still trust this company. they have destroyed so many businesses in the past to keep themselves afloat. I hope they go down hard
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SOXL is going strong and not slowing down. in my view it is heading into a dangerous territory but without risk there is no reward. being cautious so treading carefully with secured puts.