$Singtel 5xLongSG280307(XNEW.SG)Context: Singtel has continued to face selling pressure, and my leveraged position has suffered another significant decline. What was once a profitable trade has now turned into a challenging position.
My trade: I’m still holding my Singtel 5xLong position with an average cost of 0.310. The market price has dropped to 0.230, leaving me with an unrealized loss of 25.80%. I’m being cautious about adding more while the price continues to weaken.
Takeaway: This experience has taught me that holding onto profits without a clear exit strategy can be risky, especially with leveraged products. Going forward, I need to set clearer profit-taking and stop-loss levels rather than relying on hope for a recovery. @Captain's Treasure
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