Studying K-lines and news is really not as good as studying retail investors. Even Charlie Munger said: "If you want to know how to make money in the stock market, I would first study why most people lose money, and then avoid doing those things." Treating chasing highs as buying the dip is the root cause of most people's losses. I dare say most retail investors bought the dip at around a 5% drop last night because the pattern had been repeating for days—sharp drops followed by quick rebounds—conditioning them to buy the dip. Now they're trapped with nearly a 10% loss, and even a weak rebound next week won't help them break even. Or if they just break even and wait a bit longer, another sudden drop could wipe them out completely.

Actually, missing out isn't scary at all. In fact, passing up small opportunities is the right move. If you think about it from a retail investor's perspective, the bigger the player, the more times they miss out, and the less money they make? How could that logic possibly be right? Buffett has missed out a hundred million times by now. 🤗

The only mistake I made this year was selling TSLL too early because I thought it had peaked for the year and wouldn't reach 400. But then Elon bought at the key breakout level... Even if I'm wrong again, SOXL won't drop due to the Christmas rally, so what? I'll keep waiting! 😃$Direxion Semicon Bull 3X(SOXL.US)$Tesla(TSLA.US)