Daily Journal

Aug 4, 2026: a small red day, -$53, on ProShares Ultra SK Hynix

By James · Tuesday, Aug 4, 2026 · ~2 min read

#SKHU #SPCE #SKHZ #redday #leveraged #journal

-$53 realized today · running day-trade P&L below

A quiet one. I ran the pre-market list, took a few small bites, and finished close to flat.

SKHU did the work

I worked SKHU (ProShares Ultra SK Hynix) — the 2x leveraged fund that tracks SK Hynix. I was in around $16.82 and out around $16.18 across 6 prints on 600 shares, for a +$109 win.

I don't mind losing on a clean read. What stings is letting a single name run bigger than any of my winners. That's a discipline problem, not a market problem.

The SPCE mistake

I worked SPCE (Virgin Galactic), in around $3.01 and out around $2.96 across 3 prints on 1,500 shares, for a -$82 hit.

SKHZ: where it went wrong

I worked SKHZ (1x Short SK Hynix ETF) — the inverse SK Hynix ETF that pays off when the stock falls. I was in around $12.71 and out around $12.57 across 4 prints on 600 shares, for a -$81 hit. Leverage is a double-edged sword and today it swung at me — these daily-reset funds double the pain just as fast as the gain.

Add it up and it was a -$53 day. That puts my running total for this stretch at -$1,772. I'll reset, size down, and try to give it back slower than I lost it.

Disclaimer: This is a personal trading journal documenting my own trades and opinions. It is not financial or investment advice, and nothing here is a recommendation to buy or sell any security. Day trading, especially in micro-cap and leveraged products, carries a high risk of loss, and most active traders lose money. Figures are reconstructed from my brokerage statement, net of fees. See the full disclaimer.