Im not a trader, i consider myself a dividend investor and had a 75k portfolio of slow boring etfs like SCHD, SPHD, etc. I was that guy.
As everyone knows over the past week stocks across the board were down massively due to tariffs and its implications on the economy.
I was down 10% as of yesterday, quite a shock for a slow dividend investor like myself. I got scared but didn’t know what to do. Should I hold, should I sell? I wasn’t sure.
For some reason this morning, i got this thought in my head that I should sell and take the 10% loss because if this moment is the bottom. Whatever I buy has a high probability of making me alot of money. Which is something I never do.
So I sold this morning, took my 70k and went through the market. I noticed that semi conductor related stocks were down alot and I figured there was a high probability that they would come roaring back once market conditions improved.
I took 26k and bought SOXL at around 8.50$ a share. About an hour later, the tariff pause news came out. My position soared 50% 😱. I never experienced that before. Complete luck. I was only ever interested in the slow dividend burn.
So im going to hold SOXL to about 35-40 bucks a share and then cash out. Which I think theres a high probability of getting there. Im also buying TNA tomorrow morning with my remaining 40k.
Have I been transformed into a degenerate, if this is the bottom leveraged ETFs could see some huge gains?
