$iShares Semiconductor ETF(SOXX.US)ContextThe iShares Semiconductor ETF holds US listed chip companies. Chip stocks just…

$iShares Semiconductor ETF(SOXX.US)

Context

The iShares Semiconductor ETF holds US listed chip companies. Chip stocks just had their worst day since March 2020 with this ETF falling about 12% in one day and about 23% over the week as worries about the AI trade hit the sector. The ETF also did a 3 for 1 split.

My trade

I traded small lots in and out then kept adding during the pullback.

Takeaway

This is still a trade more than a long term holding since many of the companies in the ETF still look expensive even after the drop. Keeping the total size small matters most because the fall may not be over. I will set a maximum number of shares so the position does not grow just because the price is lower.