$Defiance Daily Target 2X Long ORCL ETF(ORCX.US)$Oracle(ORCL.US) The underlying stock has pulled back below 150. At this point, going 2x leverage with a three-layer position, even accounting for friction costs, is acceptable. This level is also suitable for holding long-term. Sell above 40, and the next averaging-down price is 20. I will go heavy at that time.

I see many people are bearish on Oracle, but I never care. It's my own money I'm losing. I practice what I preach and will buy all the way down. If it doesn't reach the target, it's just a wasted year.