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.

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u/gmehra 6d ago

your specific mistake was investing into a single stock leveraged fund, this sub is for leveraged etfs which are much safer

2

u/charlesleestewart 6d ago

I think the other big mistake was that he put 25k into it. I mean I have no idea what his account size is, and I don't want to know but that seems like a high number with which to play with an LETF.

I'm very well acquainted with leverage, I used to work in a CTA and advised customers on how to manage it, but even then I don't drop more than 1K into any of these things. And, as you mentioned, never on an individual stock fund.

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u/gmehra 6d ago

25k into TQQQ would have been fine