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VisualMod t1_j19ipm2 wrote

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RascalRibs t1_j19iyu3 wrote

And yet people will still continue to be bullish lol.

I have a friend bagholding TQQQ at $36. He has refused to sell.

23

tepmoc t1_j19jve6 wrote

Huh? 10400 is still way to go

27

DoubleyouEssBee t1_j19r6x6 wrote

Still off the yearly low by about two and a half percent. Go back to your coloring book until that low breaks.

0

HenryGoodbar t1_j19tqx8 wrote

Should be a bear with piano wire around the bulls neck

2

Tanjom t1_j19u4hl wrote

Bought more today, sucker born every minute baby!

1

NihFin t1_j19xhnu wrote

The low this year 10,088 - we haven’t hit a new low. The low today was 10,313

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bestaround79 t1_j1a7zm4 wrote

Big ups to whoever creates these. Love them

11

nateccs t1_j1b8glu wrote

lower low for the past month not the year homey!

2

whatevers1234 t1_j1bfzi0 wrote

Replying to ProFoxxxx (#1,010,711)

Depends on how you look at it. If you use 1/3 your portfolio and average down you could be doing better right now than blowing your whole portfolio in QQQ.

Not to mention QQQ is down 33.59% ytd today. 33.59 x 3 = 100.77

But TQQQ is down 79.5% ytd.

Basically it’s less painful at this point being in TQQQ investing less than someone who blew everything in QQQ

Now, if you take everything you have and put it in TQQQ or another 3x at top then yeah…that’s clinically stupid.

I’ve averaged down TNA and TQQQ literally since highs of last October. My portfolio is down 25%. Helped by ability to swing trade a highly volatile stock as well.

Had the market not collapsed I would have made more $$ than had I invested in QQQ. And with the collapse having happened I have lost less than had I invested what I would have had to in QQQ to try and make the same profits in a bull market.

People are imo very misinformed about 3x. If you trade it correctly you can make more if shit goes your way and lose less if it doesn’t.

1

JustBuildAHouse t1_j1bgi0v wrote

Replying to milesthegreat2020 (#1,011,434)

But you still shouldn’t hold it long term. You’ll get fucked by beta slippage. Just 1 green day and can bomb your position. But of course if you get lucky with consecutive red days you’ll make bank. But in the long term lots of risk

4

StockCasinoMember t1_j1bny66 wrote

Replying to milesthegreat2020 (#1,016,486)

I'm not much for charts but I swing trade both sides. Sold half of my SQQQ/SPXU today and, exercised a $18 strike TQQQ PUT(bought in the 16s), and bought some TQQQ in case we have a bounce up tomorrow. I use a combination of selling puts and LIFO swing trading as well to lower my cost basis in down trends while I buy bigger in bulk when I feel the time is right.

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whatevers1234 t1_j1e7oth wrote

Replying to riksi (#1,019,824)

Not true at all. TQQQ does not slip like inverse 3x markets. It’s quite minimal. If you are swing trading you will make up any of those losses quite quickly with just a couple sales. If anything it doesn’t matter at all if you are trading on volatility.

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whatevers1234 t1_j1egxh9 wrote

Replying to riksi (#1,025,437)

I invested in TNA back in October of 2021 and got truely fucked for sure.

But I invested in TQQQ around 36 and am even right now around 18.

If you sit like an idiot and don’t actively trade then yeah. You regarded. If you actually swing a 3x, sell CC, and hedge you fucking come out just fine.

Literally if I can be even when a stock moves from 36 to 18 I ain’t worried about a bit of slippage if markets move sideways. The way I trade that’s actually when I make the bulk of my $$ compared to rest of market.

1