ProShares UltraPro QQQ
$0.30 (0.56%) Today
52 Week High
52 Week Low
7 Days Mentions
Is anyone else's portfolio in the green besides me this week? Leveraged tangent portfolio at a quasi-risk parity allocation worked great. Rebalancing 10% out of TMF shortly to buy more TQQQ/UPRO at discount prices. Inb4 the usual "hurr durr volatility drag/beta slippage" anti leveraged etf crowd
Gonna be a crazy ass day tomorrow one way or another. Tech futures either triple bottom and huge rebound, or look to break the bull channel entirely. Even with the insane IV I'm thinking about 20% OTM calls on both TQQQ and SQQQ for 1dte play tomorrow at open
I’ve done fairly well so far with the initial drops into correction territory with QQQ, IWM, UPRO put contracts. ITM strikes, expiry 2-3 months out. Gone after high flying targets also ie; money losing, zero revenue companies. More risk there, but has been rewarding. TQQQ and mega caps will probably be my go to when things start to recover…
Well TQQQ and QQQM are not for long term investing, period. These are not managed well. And they don't act right all of the time, for lack of a better way to put it. Drop those. They go down too hard. TQQQ was what 77 when it split, now it's 53? That's a huge drop If you want to add risk at around 30% of the portfolio you'd be better off stock picking.
Well, torched 10% of my portfolio during that ape-pump, but was wise enough to hedge, hopefully my puts print. Was bullish coming off of MSFT earnings, but my stop-limits on TQQQ told me we were taking a dive before power hour, moved into SQQQ and puts on the lesser meme stocks.
Hear that brother, went in hard on TQQQ cos over here in Oz I saw it pumping and thought Jpow had ALREADY spoken and the market liked it, turns out he was just about to open his mouth and I watched it lose like 4% in half an hour..... and now at the end of day its down 10%. Well played Hazy....
Just bought in to TQQQ on this dip for march calls close above 60 either way I’m using margin to buy the shares and sell what I don’t want. Money printer going to go brrrrr 💰💵 *instert emote of J. Powell bending over fucking gay bears here* 🐻🌈
Sell puts on stuff you believe in over a longer-term in case the short term doesn't work out so well. Early on in the dip I sold some cash-secured TQQQ puts and got assigned deep ITM. It's been a terrible month, but I believe I'll make it back over the coming months and reach the point where I can sell my CCs and hopefully roll out of the position. It delays the timeline, but it doesn't destroy me since I'm good w/ holding the shares. I hope you have similar faith and patience w/ SQ.
Leveraging is fine after periods of large corrections. Look at COVID for example. No one knows how far we will drop so you want to spread out buying on the way down, not all at once. You also have to look at trends. TQQQ has been great for the last 10 years or so, but you wouldn’t want to get into it now with the uncertainty around rate hikes 10yr treasury and the Nasdaq are inversely related. Look at the market over the last week or so as people are trying to guess what the fed will do. Once investors as a whole are confident about the direction of the economy volatility will drop and leveraged plays are better whether it be a short or long position. The VIX index is a great way to gauge whether or not to leverage. In periods of high volatility structured notes are a great way to make high returns without having to guess the direction of the market.
>You can also consider hedging your TQQQ with covered calls Thats exactly what i did. I was in at about 168 before the split and sold covered calls all they way down to 152, where I had a couple long puts. Sold out for about a 2k loss at 152 (versus a 4k if I didn't sell calls against it) then I bough more puts once it went below 140 pre split. Those puts are up almost 2k right now...so I might break even.
Hedging TQQQ with SQQQ makes zero sense IMO. You gotta pick a direction. I’d rather hedge with puts on QQQ or SPY because if there actually is a crash then you not only have the gain from directional movement but also the expansion of implied volatility. You can also consider hedging your TQQQ with covered calls
Well, I yolo'd the last $200 I had on TQQQ Puts on Monday's dip, held through the rollercoaster Monday, and was back to even at the close on Tuesday. When MSFT dropped after they beat on earnings, I thought, "Ho boy! I'm back in the game!" Two hours later and wall street finally realized it was a beat. Only J-Pow tanking the markets can save me now. Lesson learned: Never go full rainbow ber. I R Fuk.
Multiple contraction is the biggest risk to the tech sector as a whole imo. Right. The big names are still reporting strong numbers. Look at MSFT today. The largest companies make up enough of the index that the nikolas, Rh's, and uber's of the world I dont believe will weigh down on them enough, but how far forward are we going to be willing to continue to pay. It looks like it's due to come in a bit, as you're alluding to. I started a very small position in TQQQ already. If tomorrow is red I'll add to it but with MSFT bouncing back after hours now I'm thinking it's going to be a huge green day for the Nasdaq.
>I assume folks like Cramer help move the market the right way so there's more time to sell/ buy for big money. Other than above, you are right on smart money. I got the idea of smart money changing the scenario (bulls vs bears) then and there, devised my own algorithm to spot the smart money changes. I was able to spot 2018, 2020 and current one 2022, able to come out cleanly out of mess ! Here are the reports I created: 2020 => [https://imgur.com/a/rJOhxBY](https://imgur.com/a/rJOhxBY) 2022 => [https://i.imgur.com/31KOwro.png](https://i.imgur.com/31KOwro.png) Having found this, I just purchased QQQ, TQQQ, SOXL, SMH madly yesterday and today, almost 80% invested at rock bottom now. Watch out from tomorrow how market changes ! Now, I have become smart to find smart money move ! Additionally, this is first cut of smart money, they may kick us back again after few days or weeks, I am prepared. >here's my layman understanding of market mechanics between smart money and retail. This is not layman understanding, but perfect picture about what is happening in market.