$iShares Semiconductor ETF(SOXX.US)

Context

The iShares Semiconductor ETF holds a basket of US listed chip companies, including designers and equipment makers, so it gives broad exposure to the semiconductor cycle. The price has swung a lot in recent months, which suits short term trading.

My trade

I bought a small amount, quickly sold it for a gain a couple of days later, and bought again after the price pulled back. This is more of a trade than a long term holding, since many of the companies in the ETF look overvalued to me.

Takeaway

Keeping the size small and taking profits on the swings makes more sense here than holding for the long run, given how stretched valuations look.