$Tencent 5xLongSG270930(PSJW.SG)Context: Tencent has continued its downward trend, and my leveraged position has suffere…
$Tencent 5xLongSG270930(PSJW.SG)Context: Tencent has continued its downward trend, and my leveraged position has suffered another significant decline. The prolonged weakness has made this one of my more challenging trades.
My trade: I’m still holding my Tencent 5xLong position with an average cost of 0.045. The market price has fallen to 0.016, bringing my unrealized loss to 64.44%. At this stage, I’m avoiding adding more funds and reassessing whether holding the position still makes sense.
Takeaway: This experience has highlighted the importance of managing downside risk before losses become too large. With leveraged products, waiting for a recovery can be costly. Next time, I’ll focus on setting stricter stop-loss levels and following a clearer exit strategy. @Captain's Treasure
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