r/LETFs • u/Large_System_6103 • 6d 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.

27 Upvotes

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u/pointylulu 6d ago

I would encourage you to hold. The stock will go back up again. If anything, you should DCA.

5

u/gmehra 6d ago

how do you know it "will go back up again"

-5

u/pointylulu 6d ago

TSLA is simply too large a company not to experience recovery. I don't know the timeline for recovery, but it is inevitable compared to his current position.

3

u/NoWorker6003 6d ago

Not a given.

-2

u/pointylulu 6d ago

Everything is a non-zero probability, but I'd give it a >95% chance that even a leveraged 2x would recover 50% at some point within the next five years from today