Baking a Trade with Bittersweet Chips; Chess Moves

I went long SOXS here at $13.99, with a protective stop-loss below $13.20. This is the triple-bearish ETF for the semiconductor sector, a trade idea I have referenced recently. The top two holdings are bittersweet chips, in that they are INTC and TSM. INTC has been quite weak, while TSM has been impressive. I am playing for TSM to follow INTC lower, rather than the other way around. The position is roughly 4% of my trading portfolio. Ideally, I will hold this for several days. However, due to the volatile nature of the triple-levered ETFs, and the post-FOMC type of market swings we can see, I may simply day-trade it instead and play it by ear. More on this trade in a bit.