I posted last Sunday and, after reminding people of the risks of short-term leverage, I gave three chances to escape back then:

1. On Monday, there was a gap up followed by a slide. It did gap up on Monday—if you didn’t leave then, that was just luck.
2. On Tuesday, Samsung’s earnings report. If there was a pump after the report, that would be the second chance to escape. Unfortunately, the earnings exploded badly—how could anyone run? The intraday biggest drop was 15%, but the good news is that we saw a long-bot buying the dip at 1500.
3. On Friday, the Hisense IPO. Even though it kept falling before the open, after the open SNDK bounced to a 1920 high point; strictly speaking, that was also an opportunity to escape.

If someone knew there was leverage but didn’t escape, that’s gambling. Can anyone really be betting that a 2x long can rise back to the prior high?

Next week’s CPI—if it falls again and triggers a second leg down, don’t blame the market for not giving opportunities.

Please note: all long-term positions that can reach 2028 are things you don’t need to move. Optimistically, sndk can still return to 2000, or even reach 3000+.
But that’s no longer related to your short-term leverage, because it should already have been wiped out.

Thank you, everyone.