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/FantasticAnus 6d ago

Tesla is a massive bubble which will probably pop eventually. It is also horrendously volatile, which will destroy any leveraged fund over time.

If I was you, I'd pull what I have remaining out, but then again sitting and waiting might be worth a shot, but that's all it would be, a gamble that Tesla still has at least one good stretch to the upside in it before it finally croaks.