This drop isn’t surprising at all—what’s surprising is that some people were still stubbornly betting on a rebound just moments ago. What the market fears most isn’t a decline, but a sudden loss of momentum after pretending to be strong.

$SOXL I’ve been holding this short since 226.10, based on one core judgment: the resistance at the highs hasn’t been resolved, and any bounce is just giving a re-entry point. I noticed this level earlier—multiple tests above it failed to hold, and that’s the key.

Now the price is down to 171.07, with a gain of +478.18%. The range is clearly opening up. There were pullbacks in between, but they didn’t change the direction—in fact, they confirmed the short structure more clearly.

No greed here. For larger positions, you can handle it with an 80/20 split: take some profit first, and keep a protective stop on the rest to see if there’s further release. The worst thing in trading is getting carried away after profits—you’ve already captured the move, but still want to take it all.

If you missed it, don’t chase. Don’t chase the entry or the low. Wait for a more comfortable spot.

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