---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000781781.md"
description: "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."
datetime: "2026-07-08T04:51:35.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000781781.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000781781.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000781781.md)
author: "[millionaire](https://longbridge.com/en/profiles/25748048.md)"
generator: "portal-rs"
---

# today was exactly why i never hold $Direxion Daily…


### Related Stocks

- [SMH.US](https://longbridge.com/en/quote/SMH.US.md)
- [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**