Green Day After a Rough Week

Checked the portfolio app before I'd even had coffee. +5.55% on the day, account back over 10.9K. Felt good for about ten seconds before the other voice in my head reminded me that "felt good" and "leveraged 2x-3x across five semiconductor and memory ETFs" are not really compatible states of mind.

Last week was ugly. Watching SOXL bleed alongside everything else in the sector, RAM whipping around like it couldn't decide if it wanted to be $12 or $18 that day. There's a specific kind of quiet dread that sets in when every position in your portfolio is basically the same bet wearing a different ticker. MRVU, SOXL, SNDU, MUU, RAM — five names, one thesis. When the thesis works it works loudly. When it doesn't, there's nowhere to hide inside your own account.

Today it worked. Semis up across the board, Marvell and Micron leading, Korea following overnight. Told myself the story again — memory supercycle, HBM allocations locked in for next year, the AI infrastructure buildout still real underneath all the noise. I believe most of that. I also know belief is doing some of the lifting that risk management should be doing instead.

The thing I keep circling back to: this doesn't feel like conviction, it feels like relief. Relief that the number went the right direction today. Relief is not a strategy. Big Tech earnings this week are supposed to tell us whether the capex holds — that's the actual answer, not today's green candle.

Going to sit with the wins tonight rather than press them. Tomorrow the account resets to zero on the leveraged names anyway, whether I like it or not.