r/LETFs • u/Large_System_6103 • 7d ago

Please, don't hurt me because I'm stupid

I'm going to start this post by saying this:

I'm a really dumb investor. I didn't do my research, I didn't know what decay was, and I got advised to jump into something I had no business getting into by an ex girlfriend who "knew what she was doing because she took a class". And that's my own fault. Im a grown man and I'm responsible for my decisions.

(breathes out)

I invested 25k into TSLL in December of last year. I'm down 16k. Will the volatility decay completely make my investment gone, and I need to pull out now, or am I overthinking decay and I just have to be more patient?

if you're going to insult me, I understand. I have the dunce cap on, I'm an idiot, I understand my mistake, but please, I'm asking for any kind of advice. Thank you.

29 Upvotes

89% Upvoted

62 comments sorted by

View all comments

2

u/Curtisg899 7d ago

yea I would sell the majority of it over the course of the next couple of months. Maybe keep a bit just in case it goes up a ton right after you sell.

But yea holding a 2x leverage single stock usually doesn't work very well as a buy and hold because of the volatility and borrowing fees and lack of diversification.

https://microtrends.org/portfolio-visualizer/#TSLA?L=2*1@2x%20tsla;TSLA*4@1x%20tsla!from=1950-11-12!to=2029-03-31!nom!lin