Just sold over a million in FNGU

As title said

Sold a million in FNGU, bought at average $82 from February to March last year. Sold at $500, roughly a 6x

Best decision I've ever made in regards to investing.

When I bought, I felt big tech had become extraordinarily undervalued, to the point of it being basically a once in a lifetime opportunity. Currently feel like its pressed past par or fairly valued, hence the risk of a global catastrophe or the like is too much to justify holding this any more.

To all of those who are completely against LETFs or think you'll get killed by volatility decay, or that there's a magical decay tax upon selling, or that these aren't "long term investments" all of you are completely stupid. Period. My guess is most are pro-LETFs here so it isn't as relevant, but there is SO MUCH bad information in regards to how these products operate.

Still holding a few hundred thousand in FNGU and UPRO however I've cashed out enough that I can never be disappointed with this investment here. Still think a broadening of the market could lead to gains for the snp500, benefiting UPRO even if Mag 7 look slightly overvalued to me. Happy I sold right outside the tax window too!!

Putting half the earnings into a bank, half into the snp500. If we correct meaningfully down to say $300, would be happy to buy more. On the other hand if in the next 6 months FNGU his $700 and UPRO $110 I'll sell basically 95% of the remainder.