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Sep 2 at 07:03 AM
$Direxion Semicon Bull 3X(SOXL.US)
Context: I’m currently holding SOXL, but I’m more cautious heading into September. Historically, September has often been a weaker month for stocks. It doesn’t happen every year, but it’s worth keeping in mind.
My trade: I’m not expecting a rebound here. With midterm election uncertainty and SOXL’s 3x leverage, I’m focusing more on risk and considering whether to reduce or exit my position.
Takeaway: September does not always mean the market will fall, and election years do not guarantee a specific outcome. But both are risk factors I think are worth keeping in mind.
At this point, I’m more focused on protecting capital than trying to predict a rebound.
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