Dec. 18 at 4:45 PM
I made great profits with
$SMCX $SMCL earlier on in the year. I had a good thing going with
$SMU should have taken profits and ran / cut losses when they were small. Took a near 5K loss on SMU, which made the trade pretty much a wash. Lessons learned the hard way. I won’t hold leverage over night again. Only day trading leverage ETFs from now on. A ton of risk playing leverage ETFs. I could have held and maybe it comes back up a bit but after the reverse split my
$108 average really fucked me good. Unlike others who only post their winners I’m always transparent. A lot of trades went my way this year but the never ending dump on
$SMR really messed up
$SMU which could see a 2nd reverse split if SMR keeps tanking.
I broke two of my rules
Don’t over stay your welcome
Cut losses quick
And was hammered big time for it