A trader banked $16 million on AMD and SOXL, then walked away from equities
As seen on the 24/7 Wall St. homepage on October 16, 2026.
God, I see what you’ve done for others.
A trader who rode the chipmaker since last June just closed everything, including a SOXL bounce trade, and says he won't open an equity long for a while because macro pressure has cracked the market. His exit is the signal worth arguing with.
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User DubiousChemistry posted to r/wallstreetbets on October 16 that he had closed a long-held semiconductor position alongside a shorter-term leveraged ETF bounce trade for a combined gain of $16 million.
The chip holding was a multi-month conviction trade, while the leveraged ETF leg was framed as a tactical daytrade, playing a bounce off what the author called early capitulation selling.
He wrote that he believes the market has genuinely cracked under macro pressure, and that he will not open any equity long positions for a while.
A trader who held through a long and profitable run chose the same day to close a short-term semiconductor bounce trade and go entirely to cash.