11Mon·

And out. The aim was to sell at a price of over €300 and that worked. In the next crash, we will enter again in a big way.

30.10

WisdomTree NASDAQ 100 3x Daily Leveraged

Sold x418.27 at €302.00

€126,317.08

264.70%

14 Comments

Epi@Epi

11Mon

You can't time the market, they say. Don't even try, just stick to the savings plan, is the mantra of the ETF savings plan providers.

You don't always have to do what others keep telling you to do... 😏

•

Money Game@MoneyGame

11Mon

@Epi If I could time it, I would have sold everything in March this year and got back in at the end of April 😀

•

Charmin@Charmin

11Mon

@Epi The holding period was up to three years. So it was more "time in the market" than "timing the market". And that always wins.

•

Epi@Epi

11Mon

@Charmin Oh, I thought he got in during the Liberation Day crash! But time in the market doesn't always win - especially with leveraged ETFs. See the 3x Allworld ETF: $3VTE No progress since 2021.

•

Bruce💎🙌@HomoOeconomicus

11Mon

Congratulations, how long was the holding period?

•

Money Game@MoneyGame

11Mon

@BruceBullridge Established the first position on December 2022 and then bought 4 or 5 more times in 2023 and 2024

•

Bruce💎🙌@HomoOeconomicus

11Mon

@MoneyGame Respect, did you feel anything of the path dependency over the holding period? Or were you indifferent to the top entries?
I'm asking because I've often thought about buying leveraged ETFs and holding them for longer than just a few days.

•

Money Game@MoneyGame

11Mon

Path dependency is by no means such a dramatic thing. For one thing, path dependency not only has a negative downward effect when prices fall for a long time, but also a positive upward effect when prices rise for a long time. Path dependency only becomes a problem if it goes sideways for 10 years, but even then you can buy at lows and weaken the whole thing very well.

•