
Tech ETFs have really stepped on landmines across the board lately. $iShares Expanded Tech Software Sector ETF(IGV.US) and $VG Info Tech(VGT.US) can't hold up. Leveraged ones like $T-REX 2X Long UPXI Daily Target ETF(PXIU.US) and $GraniteShares 2x Long INTC Daily ETF(INTW.US) have just flatlined, with -18% and -10% being absolutely despairing, LOL. I used to swear by "going long on tech only," but now, looking at the P&L statement, I can't help but question my life choices. Even the "Magnificent Seven" can't withstand this wave. Holding onto $Magnificent Seven ETF - Roundhill(MAGS.US) and being lucky enough to lose less is considered a blessing. The tech main theme has cooled off; no matter how strong your conviction is, you can't handle this kind of drawdown. Gotta endure it, hold still for now, and see if the bottom can hold. After all, I've seen all the storms and waves before; my mentality is just numb.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

