R
Aug 24 at 01:25 AM
$Tencent 5xLongSG270930(PSJW.SG)$Tencent
Context: Tencent has been a painful one for me. My 5x Long position went quite deep into red before, and I DCA several times to bring my average down. It has recovered from the recent low, but I’m still at -13.33% with market price 0.039 vs my average 0.045.
My trade: I’m still holding because I think Tencent has room to recover, but with 5x leverage the movement is really unforgiving. Even when the underlying rebounds, recovering the DLC loss is not always as fast as I expected.
Takeaway: DCA on a leveraged product needs much more patience and risk control. Next time I would probably enter smaller first instead of averaging down too aggressively. @Captain's Treasure
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