$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ It seems like a lot of this is just market psychology at play. Over the last few years, hundreds of billions have gone into AI investment. Are these semiconductor companies really going anywhere? I doubt it. Sure, watching the share price drop isn't pleasant, but the underlying demand for chips isn't going to decrease. If anything, it's likely to grow significantly.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ That's quite a rollercoaster. The market dives for no clear reason and then skyrockets for no clear reason. Even ASML and TSMC couldn't lift it back up. Still holding from $178. Another day, another lesson. Hoping for a reversal with the broader market.
$Infleqtion(INFQ)$ Just to be clear, I had to make some personal moves. I sold my INFQ position recently and managed to make about $1,400 day trading, catching some of the move in $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ on the way up and profiting from the $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ reversal. Anyway, instead of holding INFQ at around $13 per share with 1,583 shares, I'm now looking to reload if it gets to $9.90, this time for 1,683 shares. I had to step back for a bit, but I'm focused now.