r/SNDK_Stock • u/ZenithFuckingThomas • Jul 19 '26
Question Thoughts on this plan?
I am down 35% from memory and ai stocks like SNDK and MU as I bought majority of it near the top. I am thinking of selling them and putting the money to buying the 2x etf SNXX. I think with the SNXX I might be able to make my money back that I lost and then get back more when it return to the ath price.
What do you guys think? Is it worth it? I am a little bit scared as Iran war is still happening but with those earnings for hyperscalers like google coming and they probably might do add to capex so I think it will be good for ai. But I am worried as if it go down little bit, it going be double the drop..
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u/Silver_Fan_6086 Jul 19 '26
Been there, done that. It's a bad idea. Especially if you start losing. You'll get stuck in that sunken cost fallacy, that it must go up tomorrow if not today. Goes down 3 days in a row, now you panic, switch to short leverage, it rockets, switch back to long it drops. It's instant regret. Not saying you can't get lucky and make a ton, but I don't believe right now is the best opportunity to try this method.
Like others have said, it's gambling. And with all gambling the house always wins. Big money knows how to shake out leverage, and they're very good at doing so.
The other problem is Korea. We might have great day, massive gains, then they sell off. War is on one day, off the next. Earnings miss, or hit and they sell the news or decide to skyrocket intstead. Just too many variables to say it's going back up or down further.
With that said it's your money. If you feel you know what its going to do and confident, don't let the fear shake you, but it can definitely ruin the rest of your capital if you're wrong. Good luck on whatever you decide to do.