Fidelity says not to hold leveraged ETFs overnight. Guess I forgot. SOXL gains
https://i.redd.it/ig2an9a1ipzg1.png
Posted by Efficient-Log-4425
Fidelity says not to hold leveraged ETFs overnight. Guess I forgot. SOXL gains
https://i.redd.it/ig2an9a1ipzg1.png
Posted by Efficient-Log-4425
8 Comments
Fidelity: “Don’t hodl leveraged ETFs overnight. It’s… dangerous.”
WSB: “Fidelity’s warning is more what you’d call ‘guidelines’ than an actual warning.”
I take it you’re selling now. But why now?
In April of 2025 when Trump was tanking the market with tariff talk, I pulled out of my SPY position to get into something much much more aggressive to make the loss back. Bought $179k of USD, a leveraged semiconductor ETF. Didn’t quite understand leveraged ETFs but once I did, I held onto it anyway. 13 months later, I made $746k / 416% and still holding
dont tempt me. i am seriously thinking about it after EU news
Fidelity has weak hands
Careful with SOXL though. As a guy in Semi’s for 20 years. It cycles hard. You take your wins. Let it drop hard and buy leaps. Rinse and repeat.
One thing is guaranteed with it. It will drop hard. But it will always go up eventually. Like your wife’s boyfriend.
Yeah I always sell my LEAPS before the day ends to protect myself from overnight theta. Thats sarcasm.
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