To The Moon

You know that famous Warren Buffett quote: “Be fearful when others are greedy, and be greedy when others are fearful.” Sounds great in theory but in practice? It’s a lot harder than it looks.

Today, I sold all my shares of Direxion Daily S&P 500 High Beta Bear 3X ETF (HIBS). I walked away with a small profit, which I’m grateful for. But the decision was far from easy, and I’ll admit. I’m left with a strange mix of relief, doubt, and introspection.

Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS)

Why I Bought HIBS in the First Place

I entered the position because I had a conviction: the S&P 500 looked overextended in the short term. Valuations were high and optimism was through the roof. HIBS, being a 3x leveraged inverse ETF, offered a way to profit from a potential pullback in high-beta S&P 500 stocks.

And for a while, it worked. But then came the real test — holding on.

The Emotional Side of Investing

Even though I still believe there's a decent chance the market corrects in the near future, staying in a leveraged inverse position like HIBS was emotionally taxing. Every tick in the market felt magnified. Green days in the S&P 500 can translate into steep drawdowns. My thesis hadn’t changed, but my emotional resilience was being tested.

Long-Term Optimism vs. Short-Term Pessimism

Another internal conflict that nudged me to sell: I’m fundamentally bullish on the U.S. economy and its companies in the long run. Innovation, productivity, and global dominance give me confidence that the S&P 500 will trend upward over the next decade. That long-term belief started to clash with my short-term bearish trade. It felt like betting against a future I actually believe in.

Did I Sell Too Early?

Maybe. There's a real possibility the market dips further and HIBS spikes. But I’m okay with that. Why? Because I walked away with a profit and more importantly, with a clearer understanding of myself as an investor.

Final Thoughts

The market isn’t just a test of knowledge — it’s a test of emotion, discipline, and self-awareness. I took a risk, made a modest gain, and most importantly, learned that conviction needs to be paired with comfort. If you're losing sleep over a position, even a profitable one, maybe it’s time to re-evaluate.

So, yes — I sold my HIBS shares today. Not because I stopped believing in the trade, but because I started believing more in the importance of emotional alignment and long-term clarity.

And in investing, sometimes self-awareness is the biggest win of all.