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Gareth Soloway, chief market strategist at InTheMoneyStocks, closed a long position in SOXL after holding it for just over 23 hours, realizing a $10,056 profit with a 7.79% gain.
He described the trade as a quick overnight hold and a clean exit.
Soloway has taken similar short-term positions in the past. Last month, he closed a long trade on RKLB after one day, booking an 8.07% gain for $3,953 in realized profit. The trades reflect his continued use of overnight holds for profit-taking.