I leveraged up and bought mstx, lost a lot. It's unbearable.

LongPort - AngerBird
AngerBird

The sharply declining market is almost entirely based on sentiment and leverage... Once risk appetite changes, both bad and good companies will be sold off like garbage...

The two extremes of human nature—greed and fear—correspond to investors' buying and selling. When these two emotions dominate, it becomes extremely difficult not to act... You fear missing out, you fear mounting losses...

Leverage is an amplifier of human greed and fear...

Today, if you hold good companies, holding on is the best choice compared to reckless trading (provided you haven't used leverage—if you have, you probably won't listen to me anyway).

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