$Tencent 5xLongSG270930(PSJW.SG)Context: Tencent has continued to weaken, and my leveraged position has fallen further since my previous update.
My trade: I’m still holding my Tencent 5xLong position with a cost of 0.045. The market price has dropped to 0.025, putting me down 44.44%. I haven’t added to the position because I don’t want to increase my exposure while the trend remains weak.
Takeaway: This has been a difficult trade, but also a useful lesson about leverage and risk management. Averaging down is not always the answer, and having a clearer exit plan is important when a trade moves against me. @Captain's Treasure
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