It’s probably going higher — but I wanted to go eat something without having to worry about this fucking stupid ETF. It’s 3x long semis and is capable of chopping my fucking dick off clean with one fat finger. Being that I am +21 points on the thing since Friday, I felt now was a good time to sell.
I will have all of my others longs and they’ll likely remain in place. I am tempted to hedge — because we’ve run up so much, so soon. However, this is short squeeze territory and I’d rather be in cash and wait for a pullback then get steamrolled in a squeeze.
Nevertheless, I’m gonna go see about that breakfast now.
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