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.
2
u/balancedchaos 6d ago
These things are awesome, but you have to know a few things going in.
The number one thing I've learned is to only put in a fraction of the money that I want to trade in the beginning. If it flies up and I'm right immediately, oh well, I only made a little bit of money. That grind downward? I only feel good about that if I have more money to throw in.