ProShares UltraPro Short QQQ
$-0.18 (-0.35%) Today
52 Week High
52 Week Low
7 Days Mentions
CHWY average is 24.99. Fair value estimates are calling it $45ish. I want at least $50 to sell and then I’ll decide. I feel like I got all those on fire sales at the end of May. I’d like to avoid some STCG tax on most, but we’ll see as it goes. WEBR is a short term swing, as is SQQQ. I toggle between SQQQ and TQQQ and peel profits off both.
Leveraged ETF's going in the wrong direction will lose you a ton of money quickly. Borrowing costs are pretty rough. Now if you had been in SQQQ which is the inverse in late Feb 2020 right before the market Covid crash you would have made a ton. Best played short term on expected big news. The last few months were great times to be in that on the before the inflation reports.
Too early for me on SQQQ tbh. I was thinking about grabbing it over tech earnings, as well as META and GOOG puts. I think we could see more green the next two weeks. I could also be wrong and miss the leg down. Who knows clown market.
that would mean my SQQQ positions are way up, i’m more S side and day trade T side and other bullish equities to make up loses on down days for the S the reason i’m S is i’m not fighting the fed and i’ve seen this chart (weekly over long term) plenty of times and hopium fuels a shocking downturn followed by a long period of accumulation and consolidation. right now is trader heaven if you play both sides and always take profit you will see small gains add up but trading will get very difficult once vix cools down because margins are cut - trading amounts have to increase to keep same level of profits. larger amounts means much more impactful mistakes so trading hard in the paint right now
they were cheap and a 10% move up for T seemed like there was a shot what i was concerned about was why the heck were these so cheap? also they had fallen from the daily highs considerably. finally, it’s easy for me to make money on TQQQ or anything bullish when I’m holding a brick ton of SQQQ stock and options. i hedge my S positions with covered calls and buy and sell T on the up days, both stock and options some days where i can make $10k in profits end up actually being like $4k-$6k, i play both sides i’m a renegade trader and this is my sole source of income so I don’t yolo as hard as I could too many times i’ve sold out too early, i’ve learned to take loses but it’s been hard with SQQQ given the sentiment, i’ve been swing trading and day trading it i bought these TQQQ calls as a hedge against my additional SQQQ naked positions
I hope the rally continues here. A violent one as well. Looking to get back in short leveraged bear funds. SQQQ, FAZ. Opportunity to load cheap puts next week would be welcomed. I think we pump but it’s a matter of time before a massive bloodbath. Earnings run up here. ![img](emote|t5_2th52|8881)
I was up about 25% buying and selling SQQQ over the past couple of months. However, SQQQ was not good to me this week, but I’m still up 8% overall. I’m also still holding my SQQQ over the weekend. Only time will tell if this is the right move. Luckily, this is account has no real impact on my quality of life if it continues to drop lol.
I need to contact Fidelity about combining my IRAs, but I am afraid of them giving me talking to about my 80% cash and random TQQQ/SQQQ trades with that total cash balance. But I sold the top end of March and my balances are at an all time high, so maybe they wont laugh and just wonder how I did it...
Yep, it’s puzzling. That’s fine though you can play just one side of the volatility. It’s still just a fraction of my cash position. Still long a lot of tech. SQQQ when the market is rallying has been my hedge last few months, but I never like to hold it for more than a couple of weeks. Once TQQQ gets down to the low $20s, I’ll get back into that.
Hopefully you bought SQQQ puts. Can he puts you bought yesterday are not up 4% if you bought this morning well good luck lol. I can tell you that my 385 and 410 calls are up 65% from last Thursday and 1/2 profit already taken.
Damn, yous wildin'. Take your profit if you got 'em, no need to get greedy if it doesn't clear $17. Most are down in the after market and SQQQ is up 1.9% - you should be good. The rest my dry powder is side lined for a larger dip and options plays for steady income.
Warning: Munger did NOT say this recently. He is NOT hinting that we are anywhere near a bottom. Now is still the time of the bear. Imo, it's better to make money on the way down. I've been warning this sub for 6 months. Now is not the time for passive investing. Until inflation is <4%, until QT eases, and until rate hikes end, we are headed toward recession and more losses for bulls. Ask the passive investors how much they've lost YTD. UVXY, SQQQ, and puts are certainly, vastly better. Now....bring on the downvotes just like the last 6 months I've been saying this. Lol.