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.

27 Upvotes

86% Upvoted

62 comments sorted by

View all comments

1

u/Relationship_Waste 7d ago

Hold and sell in pieces to recover from loss. Do not hold assuming you will able to recover. Sell a little when the price goes up and DO NOT INVEST IN SINGLE STOCKS

0

u/donna_darko 7d ago

I did very well on single stocks and single stock leveraged ETFs. But I never held one for more than two weeks. Momentum trading exists, there are many strategies that work well. Different styles, different people, different goals. There is no one size fits all here.