$Defiance Daily Target 2X Long ORCL ETF(ORCX.US)Started building a 2x position in early December. Fortunately, I bought a little each time, averaging down as it kept falling. I never thought of giving up in the middle. The last top-up was last Friday when it hit a low of just over $22. It was all tears. My bottom line was never to cut losses. Finally, I waited for this week's big rally, started making a profit on Wednesday, a full four and a half months! It taught me another hard lesson.