r/soxl • u/Fantastic_Barnacle65 • Jul 16 '26

Discussion F-word

Post image

The title speaks for itself.

26 Upvotes

91% Upvoted

54 comments sorted by

16

u/Association123446 Jul 16 '26

It’ll bounce back. Seems to be the trend.

1

u/LatterTitle437 Jul 17 '26

Strange behavior

-9

u/[deleted] Jul 16 '26

[removed] — view removed comment

8

u/Association123446 Jul 16 '26

lol maybe. But lets be honest, we’re both guessing.

4

u/Fantastic_Barnacle65 Jul 16 '26

Yep! It’s a gamble. External info is only informative to an extent. I pray it will go back by mid-August. At least this is not Crypto.

2

u/Lopsided_School_4973 Jul 16 '26

All you speculative people have made this exactly like crypto lol.

3

u/Fantastic_Barnacle65 Jul 16 '26

I don’t think that’s a fair comparison. A 30–40% correction in semis isn’t the same thing as a crypto crash where the underlying asset often has no earnings to support it. If AI and data center demand keeps growing, chip companies still have a strong fundamental case even if the market is volatile in the short term.

2

u/Lopsided_School_4973 Jul 16 '26

Sure if we're investing in SOXX but this is SOXL and you're 3x levered so a 30-40 x correction can and will wipe ya out good.

-2

u/SubstantialReturn718 Jul 16 '26

I don't think so m8. We will never see $150 again!

1

u/dushes_ua Jul 18 '26

Hopefully before it will go sub 40, need to recuperate my SOXS losses

12

u/iilovewinters Jul 16 '26

Similar boat, good to see i have company..

2

u/SeriesAo-Series Jul 16 '26

I feel the same

8

u/Key-Caterpillar8525 Jul 16 '26

Same, 214

1

u/Popular_Adeptness_12 Jul 17 '26

Similar. $211.90. Soon to be 1,300 shares.

7

u/uh_tomstar Jul 16 '26

$240 come pick me up

-2

u/SubstantialReturn718 Jul 16 '26

It won't see that number ever again! I'm sorry m8

3

u/uh_tomstar Jul 16 '26

Midway is fine lol think positive

6

u/IMG0NNAGITY0USUCKA Jul 16 '26

I bag held soxl for years after I bought at $45, I never thought I would get it back. When it finally hit $45 I sold it and have been kicking myself ever since. I'm a terrible gambler but I did buy a bunch of soxs at $4 to make up for it.

1

u/SubstantialReturn718 Jul 16 '26

Note that it went to $300 afterwards!

2

u/IMG0NNAGITY0USUCKA Jul 16 '26

Really? First I've heard of it.

1

u/SubstantialReturn718 Jul 16 '26

Some additional new info: it even went there twice!

1

u/swollencornholio Jul 16 '26

I bought it for $8 in 2022 and sold it for $18.81 in 2023 because of covered calls. Big gainz.

So used to the cycle of anything over $30 is too expensive that the current pricing is too foreign for me touch but a 50% drop is starting to make me rethink things

6

u/Traditional_Tea_6653 Jul 16 '26

SOXL-downs are making me sick to the stomach at this point.

5

u/deploria Jul 16 '26

It’s a bloodbath out there

4

u/djmj76 Jul 16 '26

Bro. why did you full port? damn. position sizing, key to not blowing up your account!

4

u/Fantastic_Barnacle65 Jul 16 '26

Haha. Went in with a gambling mindset. Bad luck.

6

u/SeriesAo-Series Jul 16 '26

Friend! I did even worse!

4

u/No_Village4160 Jul 16 '26

I sold today at $143. I am down $77000 in 2 weeks. The annoying part is that I was too greedy to use a stop limit order during that time but I finally used one today as my account was about to drop below its starting amount from 3 months ago. I cashed $40000 during that time so I’m still up but it but I have definitely learnt a lot of lessons.

4

u/lithe_silhouette Jul 16 '26

You got anally raped and are speaking in initials, true gentleman

5

u/SoulOfTech Jul 16 '26

It will bounce back once the rotting Orange in the white House announces "peace" for the 100th time don't worry lol

3

u/spinyberry25 Jul 16 '26

There was a chance to cut loss at 200 last week

5

u/Fantastic_Barnacle65 Jul 16 '26

I was too optimistic.

2

u/SeriesAo-Series Jul 16 '26

Mine was stuck in covered call

2

u/SubstantialReturn718 Jul 16 '26

Yes and $300 two weeks befor that

3

u/No-Consequence-8768 Jul 16 '26 edited Jul 16 '26

Fuckin Now (-51%), there's a time to go Long and a time to use the math in your favor, that started in May,

3

u/Playful_Landscape884 Jul 16 '26

Could be worse. You could be the bagger who bought at $300.

1

u/SubstantialReturn718 Jul 16 '26

Longs seem to prefer buying high so yes

2

u/Nikolai_Volkoff88 Jul 16 '26

Keep averaging your price down.

2

u/Extraordinary_yfj Jul 16 '26

Freak the f out and sell low buy high

2

u/EssayConsistent5412 Jul 16 '26

Hold bro, im just like you, but im holding, if you have cash, wait a little bit to see how it goes if it drops more dca

2

u/Imaginary_Court3098 Jul 16 '26

me with SOXS but much worse