$Defiance Daily Target 2X Short MU ETF(MUZ.US)
I was trying to take a short position on MU because I believe the stock could face downside pressure, but today’s strong AI and tech rally completely went against my position. The broad market momentum pushed MU higher and resulted in a 21.86% loss in just one day. This is a good reminder that even when I have conviction in my bearish thesis, short positions can move against me very quickly. I’ll continue monitoring the market and reassessing the trade instead of letting emotions take over.
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