Is it actually possible to suffer a total loss because it is leveraged? So if the NASDAQ-100 falls by 34%, multiplied by 3 that is a price loss of over 100%.
Then it would have to lose 34% in one day and it won't manage that. Google 'circuit breaker stock market' and you'll know why. In a nutshell, trading is stopped if the price falls too much in one day.
I don't know whether the market will recover soon. At least that's what the price and VIX value look like.
I was lucky and a bit unlucky. Bad luck is triggering the limit buy of my ETF at 100, 98 and 96 each 1000, so I had no money left when the ETF was at 80. Or now numerous stocks at extreme prices like Nvidia at 78 or so. I was only allowed to watch. But I was also lucky that I had wanted to leverage the NASDAQ for months and found an entry point here. OK, I probably have one of the worst prices among you at 130 euros for a 1500 euro position. But I'm glad that I got in here.
I think it's good that I kept calm this time. I remember a fall 1-2 years ago that I sold 3500 Euro SP500 at a low with 1% profit out of "panic" or fear of a third world war. Ouch, that still hurts me, that's a lot of money. After that, the price went up a cool 40%. This time I am strictly buy and hold. I haven't sold anything and am only buying more. I'm definitely pleased that I behaved better here and had my emotions under control.
Of course, only if the price stabilizes. If the price continues to plummet and never recovers, I'll retract my words and say I've lost 😅
Can't believe it, everyone is still crashing today, even though so many people crashed yesterday. People who have experience with leverage: You just buy more to make up for the purchase, right? At -33% I lose everything, right? I have limit buy at 130 once, 125 twice...
PS. My alarm just went off for msci world. Dropped to 91.8. I am very surprised in any case.
Just realized again how lucky I was with the sale on 18.02. I decided to sell relatively spontaneously in the morning on that day and would have been approx. 45% down if I had held the position.
A small position for the long term. Won't make me poor if it doesn't work out, but will give a nice gain if things go like the last 10 years. Stays put and will only be expanded in a big crash, if at all. Currently up ~40%.
