today was exactly why i never hold $Direxion Daily Semiconductor Bull 3X (SOXL.US)$ overnight. SMH fell over 3% so the 3x got hit around 9-10%. i was flat into the close, thank god. if you're bag-holding this through a chip bear market the daily reset decay will bury you even if semis eventually recover. this is a scalp tool, not an investment.
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