SOXL

PaperHandsTheDip

SOXL 125-130 tomorrow, 150-160 EOW.

PaperHandsTheDip

Leos strategy was perma long, but he never took profits. He was up 270% YTD, liquidated his fund up \~90% YTD. Investors still made an absolutely fantastic return. I actually copied leos strategy here - I went incredibly long on SOXL last week (bought in on Weds, thurs & fri). Got an average where SOXL is \~110. Very happy with that.

PaperHandsTheDip

The drop over the last month in semis was a macro manipulation... they gave us a golden buying opportunity. Should thank citadel for once. Word got out Leopolds fund was overleveraged & under stress. Lotta large funds shorted their shit - knowing they'd have to sell if price went low enough. The shorting + flash sales across the board (tens of billions in shorts) pushed the prices low enough that Leopold was forced to sell. They fully liquidated their $40b fund last weds (worth \~$10b at the sale time) - the bottom. Shorts closed (for a profit) and it caused the massive pump we saw on thurs. We're on the way back up... the overleveraged whales got slaughtered. Lotta ER's coming up - and with hyperscalers reaching profitability on their AI investments AND expanding capacity, expect only up. TLDR: Only up this week sers 👍. Positions: very long SOXL

PaperHandsTheDip

I usually just DCA over a few days. I bought on Weds, thurs & fri last week into SOXL. Quite happy with my entrance. This week is going to be great for it - 160+ EOW.

ebitdasga

Was really hoping SOXL would be higher than 118, feels cooked by the morning

inflatable_pickle

Fair point. All of you go all in on SOXL like this week is the beginning of the AI stock boom and not at all a bubble. I’ll throw some spare cash on SOXS and root for your downfall (\*Noah Kahan reference.)

Pitiful-Market8662

SOXL right now - double in a month or less

inflatable_pickle

If any of you have the balls to go in on SOXL tomorrow, then I applaud you. You’re an idiot, but I applaud.

Shiz_in_my_pants

Agreed. For some strange reason people in here think SOXL will go to zero faster than the last few minutes of a 0dte. They think leveraged decay will take soxl to zero if you hold overnight. People yolo on 0dtes and FDs in here all the time, I don't understand why they lose their minds over holding SOXL?

zharguy

I'm a simple man, not asking for much, only for SOXL to double by EOM

bilingualbunny

Just holding my SOXL from last week until probably Thursday. We will see. It's hard to pick tech companies overall right now for earnings because the market over reacts to capex. Just pick a direction through LETFS

Pitiful-Market8662

SOXL and chill

Pitiful-Market8662

SOXL for the win 🏆

ApathysLastKiss_

I yoloes SOXL with that dude last week. I'll believe it when I see the close tommorrow

CEO_of_SOXL

401k is moving into $SOXL

CEO_of_SOXL

So all in $SOXL tomorrow

GuwopGOAT

I really hope we don’t gap up before I can buy MUU and SNXX and SOXL

violet_evergarden8

SOXL an easy 300% this week

Liquidsnake959

Rate my stocks:  DRAM EWY MSFU SPCX ORCL RTDL SOXL BABX SKHY AXTX

Dude_HaHa

r/SOXL hodlers GAYYPED 🍆😭

Dude_HaHa

Retards on r/SOXL on pretty strong copium after putting their life savings at $300 😂

ExtremeAddict

I’ve been buying SOXL weekly puts and calls to hedge my MU October long calls. Even in a single session it goes way up and then way down and repeats. Just sell it when it’s in the green. Buy the opposite and wait.

Ok-Parfait-9856

Tbf we did this in the past and then chickened out. I lost a lot of money in April because I thought we surely wouldn’t pull out right after we evacuate Americans from an entire region and send dozens of c-130s. Although I guess it’s different since we publicly called off the bombing but are still evacuating. Last time, the bombing was called off last minute. The pattern has become obvious and his tweets seem to be losing power, so maybe he’s really gonna strike after pretending to taco. I’m cash gang rn since I saw this semi dip coming once SOXL hit 290-300, although I didn’t think it’d be so bad. I bought SOXL at 100 last week but sold when it was up despite my original plan to hold it, I think it’ll dip under 100 again before it hits and sustains 120-140. I think we’re gonna dump some more before we bottom out.

disishowedoit

I should have held my SOXL for this news 🥲🥲🥲

mtmhockey

Buy calls on SOXX, not SOXL if you plan to hold longer than a day

Mrsir300

I have $6k in SOXL puts expiring Friday and 40k in NOW and CRM leaps opened Friday. I have no idea what my account will look like Monday 🤣

AdventurousIce2645

Never seen so many uninformed people on here. You guys watch too much youtube if you think SOXL, a levereged ETF full of semiconductors, is going to zero lol. Its been in existence for a while already and has returned more than Nvidia since inception. Levereged sector wide ETFs are usually fine. Individual stocks leverged on the other hand is what you guys mostly read about when the decay and nav convos come into play.

GuwopGOAT

SOXL and SOXS is all you need, 50% of each in your portfolio Can’t go tits up

sharkenleo

SOXL +20% gap up Monday

PaperHandsTheDip

Yah, i know. I averaged into SOXL weds, thurs & fri. Bound to go up soon.

Sanka_naku

Ah yes, a fellow regard. Why only lose 5% on SOXX when you can lose 15% in SOXL.

apoender

All depends on if he baught the SOXL on margin lol

oxide238

why are you going into SOXL if you're waiting for a memory dip, it holds like 8% micron and that's it.

Rankor_Walrus

I held SOXL for a month and was happy to get out even. If I had bought in January I'd be retired but I didn't so I took what I could get.

Small_Rip351

I put on some $130/$135 Aug call spreads on SOXL at roughly $1.50. Not a high enough conviction play for me to justify buying the outright $130s, although I may regret it if it rips back. But if it works out, I’ll take the win.

MaxPainKing

I’m with you too homey. $25K into SOXL, MUU, and SNXX Friday afternoon. 🤪

AntonVOOLA

You got a great entry off the psychological $100 level, and SOXL closed right at the daily 200 EMA without moving more than 1 ATR below it. I think you handled it correctly, especially if you’re not holding 1-DTE calls expiring Monday, but at least 7 DTE with a strike at least $10 above the daily 200 EMA. Let me know how the trade turns out when you close it. Good luck!

PaperHandsTheDip

Buy and hold of SOXL has outperformed almost every single other investment over the last \~10-15 years. That includes overnight holds

LegitiemePoster

If SOXL raises to ATH, I will be able to pay off my house in 1 payment.

blazing_straddles

Thats why I stick with the SOXL/SOXS options chains. Bargains everywhere

GuwopGOAT

You have to diversify on these levered ETFs MUU SNXX KORU RAM SOXL ride them on the way and then ride SOXS on the way down

a_spicy_memeball

I did the reverse and yolo'd into SOXL under $10 and didn't do the smart thing and just hold. Instead I tried to catch a bottom on MSTX and bled my account out.

sharkenleo

SOXL HAS to bounce next week, right?

Pitiful-Market8662

SOXL

orcassharks

Nah I’m long. I bought a shit ton of SOXL during the dip and made out like a bandit. But I don’t feel great about this weekend. Even got some spy puts at close for Monday. We shall see.

orcassharks

SOXL going back to 90s next week 100%

verified-trader

**BanBet Lost** — /u/Mrsir300 (0W - 1L, 0%) | Ticker | Entry → Target | Move | Time | Result | |:---:|:---:|:---:|:---:|:---:| | **SOXL** ▲ | $91.15 → $135.00 | +48.1% | 2d | Lost |

youdirtyhoe

Should i throw a few grand at SOXL and forget about it? Is now the time or am i catching a falling knife?

PaperHandsTheDip

I punted SOXL. Dunno how regarded that is yet

PaperHandsTheDip

SOXL gonna do well next week tho.

sharkenleo

Well this week absolutely blew goats for SOXL.

UncouthMarvin

96M shares of SOXL traded today lol SPY got half that

orcassharks

I actually cashed out of my SOXL shares today lol Now where to put the money…. I think I’ll wait until Monday n

Unhedged-Fund

Market update : SOXL and MU pump postponed to Monday, to keep a bit of suspens

PaperHandsTheDip

Nice! I entered when SOXL (us) was \~102. Averaged up \~115 and again at \~124. My biggest mistake was averaging up. Next time just gotta lump sum full send it.

j_b_1983

MUU/MUD and/or SOXL/SOXS Are all you need. Just follow the morning and afternoon trend. Buy/sell twice per day. Open and close. *This is absolutely not financial advise*

PaperHandsTheDip

Hell yah, congrats! My biggest regret here was doing a DCA... my first buy was within \~4 hours of the bottom on SOXL. I wish I just punted it all there instead of averaging over a few days. Sometimes it works against you. 2/3 times you're better off just punting it all at once. The lesson here is: never dca.

PaperHandsTheDip

Ooof, -20% on RDDT. Dang, that sucks. Sorry bro. SOXL is semis, more than memory. Gotta keep that diversification high

PaperHandsTheDip

Not really. The forex rates are negligible with respect to how much SOXL moves. I might lose like 1-2% from the forex fluctuations. USD is actualyl down \~2% against CAD over the last month. In the last 3 days SOXL jumped over 20%. I suspect we will see 100%+ returns on SOXL in the near-ish future, which means that the CAD hedged one will also see 99-101%+ gains. It's literally noise

Hot-Dinner-7619

Isn't liquidity an issue with SOXL.NE

Unhedged-Fund

Todays price action = market is back but market knows its not allowed to pump SOXL and MU 24/7 anymore

PhoKingWild

Come on pump my SOXL bags lol

PhoKingWild

All right, instead of being up $5k heading into the weekend, I'm a SOXL baggie thanks to shitty timing and my own greed

Own-Jeweler3169

Today or yday I put £1 in SOXL (4x Semi) just to track it...it went up 50% i was so pissed I had no more money to put into the port, would of been easy money.

Mrsir300

I don’t trust this market at all man, the more you learn the less you know vibes. Dropped my SOXL calls expiring next month for a $35k gain. Not worth holding for shit

GneissFrog

SOXL blew an 11% lead to the surprise of absolutely no one

sharkenleo

SOXL bagholders - buy the dips, sell the rips!

Friendly-Profit-8590

Got out of SOXL at the right time. Almost didn’t cause I was convinces it’d get to $135

-sakuranbo

NBIS starts to dump and the SOXL 0DTEs start inflating in price lmao

Ok-Art6659

Be a man, go SOXL OTM calls

OrangeManBibi

SOXL bro

OrangeManBibi

SOXL is all you need

sharkenleo

SOXL barely back to Monday's close. We need to rip to 140.

ConclusionEven6917

Technically, when there’s confirmation in the move and you just have to make sure to take profits. My point was just to illustrate that if you benefitted from the hardware run up since April using the SOXL, you would have basically given it all back already in the selling from last few weeks compared to the SOXX which still has a lot of its gains, all because they reflect a return on the daily percentage so their ability to return to original price after selling is much more difficult.

ConclusionEven6917

Crazy how dangerous these 3x leveraged ETFs are. SOXX was up 110% at its highs now it’s 70%, so about a 40% contraction from start of year growth. Then the SOXL got to 566% and is now 186%, almost a 300% contraction in that same move. Meanwhile the SOXS had managed to move up a little more than 100% the past month through July 29, then as of this morning the index is only up 30% for the month showing about a 70% contraction. In summary, these instruments are great when momentum is directional and moving in your direction, but any reversion completely destroys any accumulated value where the SOXL 5 year returns are now only 218% compared to 260% for the SOXX where in the end these indexes will always underperform so although timing can be a little more forgiving than if trading an option, do not mistake that timing is still a determining factor for these instruments unlike true stocks.

teh_herper

Damn that SOXL fakeout and rugpull at 127.76 # this is why you don't trade premarket people.

Moepenmoes

Me last weeks: "I'm almost bankrupt, I'll never buy semis again, I'm sticking to an index ETF for the rest of my life" Me now: "SOXL is also an index ETF"

Embarrassed-Sky6890

My SOXL average is 96 I’m finna bust a nut if this keeps going up

Own-Jeweler3169

At least you can realise it, keep your chin up mate, it's an expensive mistake to make but it is what it is. Ngl im almost never touching options for as long as I want to keep my money, once i'm rich and can mess about with money I would maybe get into it, until then it's stocks and leveraged funds for me. Funnily enough, I put £1 into SOXL yesterday, to track it, it went up 30%... fuming because I have basically no money left to put into the port.

PaperHandsTheDip

Most guys are like you. I moved \~50% of my folio into triple leveraged ETFs. TQQQ, SOXL are my largest positions as of EOD today.

PaperHandsTheDip

I didn't have to hold it really tho. I bought SOXL \~102 and it was up 15% the next day.

PaperHandsTheDip

I sold at a 10% loss and rotated all money into SOXL. Immediately up 25% and another 10% AH. There are better investments out there

PaperHandsTheDip

SOXL gonna have another 10%+ day. Grats to whoever bought the dip 👍

Odd-Block-2998

The next day Leopold got liquidated, SOXL +9.92%. I feel that the wall street had all these tantrums during past few weeks just to f\*ck this one guy.

PaperHandsTheDip

Some of us bought the dip tho o.O. I bought a bag of SOXL & TQQQ on weds and more EOD today.

PhoKingWild

SOXL just keeps cruisin AH

OrangeManBibi

SOXL bro

PaperHandsTheDip

SOXL is a stabler asset just like gold!

PaperHandsTheDip

SOXL & TQQQ gonna carry my ass to valhalla.

jraiv420

Now all we need is Elon and SPCX to announce a stupidly large CapEx then SOXL and DRAM will be back to ATH.

iSOBigD

The day I bought SOXL and MUU they had the biggest crash in history and circuit breakers. Yesterday, the day I sold my last MUU and SOXL shares and bought some puts, KOPSI had their best day in history. You guys are welcome.

hioman01

Do SOXL 300 bag holders have a chance?

Competitive_Ride

Thinking of selling my gold to buy SOXL

inflatable_pickle

SpaceX already has a 2X LETF and then SOXL is incredibly popular. In fact I’d keep an eye on SOXL vs SOXS

natebro142

SOXL opens at $150 and rips all of the bears faces off

PaperHandsTheDip

SOXL! I love you

PaperHandsTheDip

I'll just freeroll off SOXL lol. Goodluck!

ApathysLastKiss_

thanks..Oh I'm aware lol. I rode SOXL from 12 to 90, thought I'd times the top perfectly..watched it rip to 300 where I stupidly bought the top, and got stopped out at -30% in a day. But 3x lev have been my money makers. I basically completely quit fucking with options after my first year. I'll sell them in a sideways market, and I'll buy them to "Texas hedge" a position(take a long and stack calls on top)..but I never buy less the 90dte now, never more than 15% otm. But really, I don't even mess with them. Especially puts. It's already hard enough to get a bullish position right, and bearish positions are 3 times harder. But I like your philosophy. That's how the big money does it, the accumulate around supply zones rather than hyper focus *this stock at X price* I'm fairly successful at this, but my biggest problem is trying to time bottoms far too soon and getting absolutely gashed from it. this latest pull back really jacked my shit up.

PaperHandsTheDip

I told a few friends to buy SOXL yesterday. Nobody wanted to. I was chatting with one today and that was his exact view. "Too late now, I missed it! Just gonna keep holding his stuff". I told him it's not too late as I bought more / averaged up. He just sent me a message, saying "wtf, soxl is up another 8% AH".

PaperHandsTheDip

Lol - fair enough. I'm bullish on them all so figured why not. SOXL is no safer... it just saw a \~70% drawdown. It's also why I happened to buy it. My first buy was within \~4hrs of the literal bottom, pretty stoked about that