3x Leverage Recovery Advice
I didn't take profits from 3x leverage before the DeepSeek crash and was scaremongered into selling at a ~£1.5k loss. I attempted to recoup the losses and cut them by £700. Went in a third time, just before the market became so volatile. See my current losses in the attached photo. Wanted to know what you think the best approach to recouping losses would be if I had a few thousand left to invest.
Should I keep DCAing at 110, then 100, assuming it reaches those levels? Should I open up a different leveraged position when I believe NVIDIA has bottomed? Should I short? Should I sell at a loss and invest solely in the underlying asset? Any promising upcoming reports from other companies that could help me recoup losses?
I’d decided to stay away from leverage after making up the losses, but I’d be more than happy just breaking even at this point. Looking for the safest method to ensure recovery. Need a way out
I didn't take profits from 3x leverage before the DeepSeek crash and was scaremongered into selling at a ~£1.5k loss. I attempted to recoup the losses and cut them by £700. Went in a third time, just before the market became so volatile. See my current losses in the attached photo. Wanted to know what you think the best approach to recouping losses would be if I had a few thousand left to invest.
Should I keep DCAing at 110, then 100, assuming it reaches those levels? Should I open up a different leveraged position when I believe NVIDIA has bottomed? Should I short? Should I sell at a loss and invest solely in the underlying asset? Any promising upcoming reports from other companies that could help me recoup losses?
I’d decided to stay away from leverage after making up the losses, but I’d be more than happy just breaking even at this point. Looking for the safest method to ensure recovery. Need a way out