TQQQ

FoxhoundVI

tired of giving theta cocksuckers my prems, I understand tht leveraged etfs still decay tho, for how long should I hold sum like TQQQ for any given trade?

Own_Reality_2770

Paper handed my TQQQ calls and lost 70 ish right after the bell, still a massive gain of 100%. Rolled it all into Tesla. No dd just blind faith!

VisualMod

You already have a bet going - TQQQ to 25.0 before 03-Dec-2022 01:20 PM -05

Place_Fun

If I have $10,000 invested in TQQQ, what is my daily fee?

VisualMod

I agree with DrBoomBoomPow that TQQQ is a good investment. I would also recommend looking at other offshore stocks as well. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)

1xndsu

If u only buy stocks and are under 35, just dca into TQQQ. You’re welcome.

PerpetualHillman

Feb. 2023 puts (holding) 30% of cash portfolio in SQQQ shares 10% of cash portfolio in TQQQ shares rest are fun stocks/commodities, 30% cash

Ok_Clerk_6867

TQQQ all the way to the top! Shopping for yachts right now.

AggravatingTry1051

I am a bear. Why don't you put all your money into TQQQ.

Chance_Character8092

200 TQQQ contracts expiring tomorrow

gpeters1

TQQQ if you want a quick 2 bagger 💰💰

neutralpoliticsbot

just load up on TQQQ and hold for few years

wildcat1055

I sold my calls and TQQQ way too early, but profit is profit Up $6k for the day but it feels like I should be up $60k what the fuck do you even do tomorrow after a day like this?

EnvironmentalCry3898

kicking myself.. phone rang and took my thought process at the moment... after that crazy down up spike circus act. I had a tight TQQQ with a 21.95, break even toturing me this week. I sold ..and watched it climb to a $265 dollar win without me.. (and still climbing)

METAWillou

TQQQ squad 

VisualMod

**Ban Bet Created:** **/u/briballdo** bet **TQQQ** goes from **23.31** to **22.84** before **02-Dec-2022 04:03 PM EST** Their record is 0 wins and 0 losses. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)

briballdo

!banbet TQQQ -2% 2d

le_pedal

I was gonna load up on TQQQ this morning too..... Damnit

Ok_Significance_4008

I sold my SQQQ yesterday, was thinking about getting TQQQ but chicken out... :(

icantfuckinreddit

My TQQQ leaps did not move, kinda concerning

MedicaidFraud

!banbet TQQQ +1% 1w heheh

EEazy89

I bought a ton of apple today at $141. And yesterday I got PBR, she’ll and TQQQ. What a day lol

McKoijion

Hold TQQQ overnight?

RandyTomfoolery

350% on TQQQ calls i bought EOD yesterday, not bad.

chetoman1

You guys wanna hear something fuckin hilarious? I finally had some extra money laying around so I was like “Hey lemme check on TQQQ, maybe it’s still down pretty bigly” Fucking right after Powell hinted the slowdown. There’s a vertical green cliff on TQQQ now. I know it’s still relatively low and I could still buy, but it just feels fuckin wrong buying that huge pump.

NoobInvester018

Personally, I feel that inflation and high prices will definitely become entrenched for a very long time. Once you give markets the idea or hint of potentially slowing down interest rates hike, they start pricing in future growth and acceleration of recovery. Thereby, causing more people to be bullish and sending asset prices to higher levels as the cost of borrowing is to believed to moderate or even go down. I'm going to be prepping my portfolio for stagflation at this point. Current Position: 1k of TQQQ, 500 of OXY, 300 of CVX

TechniCruller

I have a thousand on TQQQ calls

isweat_

If TQQQ drops 10% today, ill shower eow

VisualMod

You already have a bet going - TQQQ to 17.0 before 30-Nov-2022 08:32 PM -05

bigtexas91

TQQQ. Let’s ride.

alexander0789

I wish VM gave you what it was when you made the bet. If I remember correctly, TQQQ was at 17. I just overshot the landing lol

VisualMod

You already have a bet going - TQQQ to 25.0 before 03-Dec-2022 01:20 PM -05

cheaptissueburlap

theres PCE numbers tommorow so maybe calls on TQQQ?

Frankfurter_i81U812

100 x -TQQQ221202C21

Hardcoreposer7

Pre-market guaranteed to always be green before a semi-important data release, I really need to start yolo-ing TQQQ the day before

canadian_Biscuit

We’ve all heard of TQQQ

No-Bee2669

Why is SQQQ calls way more expensive than TQQQ Puts ?

bayesian_slut

SQQQ on a 15 year chart shows an **all-time high of $524,736** (around July 2010) and an **all-time low of $28.15** on December 27, 2021. 3x-leveraged, *inverse* ETFS decay like a mother fucker. TQQQ more or less trades proportional to QQQ, the overnight slippage is where some slippage may happen, but way less than the inverse funds

Kamikaze_Cash

TQQQ is a complete gamble that the next bear market will start soon. I’d keep the position small and only get into it after you have a nice base of blue chip stocks and ETFs.

Moist_Lunch_5075

Exactly this. I use SPXU and SQQQ to hedge my SPY and QQQ positions. The "10% decay per month" stuff u/awesomedan24 is referencing I've seen come from some fund managers and advisors and sites that reference "back of the envelope" type calculations that don't reflect the actual behavior of the funds but rather some "max leverage/worst case scenario over a long time" type situations. I mean, yeah... if you hold SQQQ indefinitely, you're gonna lose money. If you hold it during a long term downtrend against a long position, though, you'll be fine. When I started using my strategy earlier this year, what I found is that the formula for these ETFs is that they work basically on a 1.1x \* leverage multiple over short periods of time in both directions, more or less. Basically, the effect of the leverage (with some very minor variance on a day to day basis because of the reset) amplifies the directional bias, and when you're in the correct direction the gains are slightly higher per dollar compared to non-leveraged, and accelerate in the same way on the wrong direction, at around 3.3x I did long-term TQQQ holding calcs once and IIRC the return was around 2.6x rather than 3x (just buying 3 times the number of QQQ shares) and that matches the probability math around leverage you're talking about. I also think the idea that these decay so much comes in part from the amplification of losses from movement, which isn't reset decay. Basically, at 3.3x amplification compared to the index, buying TQQQ on a decent decline day against the same capital for QQQ results in 3.3x the decline per dollar, which if you have 3x the capital in it (equal position) suddenly becomes... 10%. The secret to hedging with this is that you use 1/3rd the capital for the hedged short ETF and keep in mind the excess capital impact when people are swinging longs on a bear run, like TQQQ. It's key to cut the capital exposure to something people are comfortable with in their positioning and it's easy for people to overallocate to leverage.

JellyBoyBets

How much more do u think the TQQQ will sink? Is this a safe reliable ETF

mGCandidate

TQQQ has had it rough since August.

pragmojo

So does that muddy the results of back-testing? If you back-test TQQQ for example the returns look incredible over most periods.

PapaCharlie9

As the other reply noted, you are still trading TQQQ or SQQQ shares for a $/share value. The 3x doesn't come into your gain/loss with respect to your counterparty on those share trades. The rest is just how leveraged funds work and how the value of the shares of the levered fund relate to the underlying index. Briefly, the fund trades futures and swaps and whoever the counterparty is to those trades either gains when the fund loses, or loses when the funds gain.

Kamikaze_Cash

Some good ones for the recovery are CCI, O, META, and of course TQQQ. I will fight anyone who says to buy shit companies like CVNA, PLTR, and PTON.

Arcite1

You're still trading shares on an exchange. If Bob sells 10 shares of TQQQ to Janett for $20.76 each, Bob gets $207.60 from Janett.

pragmojo

When you make money on a leveraged derivative-based ETF like TQQQ or SQQQ, who is losing money? So for instance when trading plain shares, it's pretty easy to understand where profit is coming from. I.e. if Bob sells 10 shares of AAPL to Janett for $140 each, Bob gets $1400 from Janett. But where is the profit coming from for leveraged ETFs? I.e. if I gain 3x the return of the S&P, who is that money coming from?

pragmojo

Which ETF's reverse split? I have a little bit of SPXL & TQQQ and haven't noticed it

Historical-Pattern-

TQQQ daily 20MA and 50MA are both $20.70.

StewGoFast

What did he do with TQQQ?

VisualMod

You already have a bet going - TQQQ to 17.0 before 2022-11-30 20:32:22.794977-05:00

Wise_Distribution_24

I tested all indicators myself. They are all garbage. All of them. Your best bet is another source aka stock, commodity or etf to give you signals. I looked at TQQQ SQQQ the last weeks myself = hint try the TLT etf. Good luck.

EnvironmentalCry3898

I bought after the big dip and the dip kept dipping. I then without thinking, added SPXU call to my TQQQ call.. and they only stay 9 bucks apart. that is a loose pairing too... bought at different hours. You may have heard of a straddle in options... I do it with 2 calls. bear and bull.. similar delta. I have eaten my last 100% down option...sometime last week. I only started on sept 19th. no education but live and learn.

EnvironmentalCry3898

I am that regarded..seriously. I then found TQQQ and SPXU pair up nicely. a "not a straddle" straddle. 2 calls.. won't win it all, but you can cut losses in a similar delta and avoid the sucker punch from hell. my account is less than 1k.

VisualMod

#Ban Bet Lost /u/boondo made a bet that TQQQ would go to 20.0 within **1 week** when it was 21.18 and it did not, so they were banned for a week. Their record is now 0 wins and 2 losses ^^WSB ^^[Stats](https://www.twitch.tv/wsbzjz/) ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)

Aromatic-Job8077

Number will shrink about %10 if i sell my underwater TQQQ bags

Significant-Worth-75

Sell TQQQ puts

Historical-Pattern-

[SQQQ vs TQQQ](https://ibb.co/sQHGjM2) tight as a button on the 2 hour.

Individual-Pear-2343

LMAO jsut got out of TQQQ too, thank fcking god

Frankfurter_i81U812

Seriously. 1 play of TQQQ puts grabbed and dumped for +40% and now Its like Zzzz Zzzz

berzanski_spekulant

got 500 in TQQQ, 2500 in SPY and 5000 in SPXL what do? hodl or sell?

vegastrashy

I don’t trade or follow SPY. The only indexes I track, not invest in, are .DJI, .NDX, and to get a hint at what kind of a day I’m looking at, .VIX. I watch the TQQQ & SQQQ day range next to each other to see the swapping back and forth bearing in mind that one is a +3 NASDAQ 100 (sans financials) fund and the latter is -3. My opinion? The pain is not over and an inglorious SPY return to 380-385 is coming.

fltpath

I dont use any algorithms, but do trade LETFs against each other.. TQQQ/SQQQ, BOIL/KOLD as examples. nothing is ever considered a long term hold. I also typically hold a 25/75% balance to minimize spikes and provide a bit of a trading buffer, and move that percentage according to the trends Went 100% on KOLD when gas hit $10, and rode it down, and was working BOIL in again, but it (90% KOLD last week... This appears to be similar to your concept of not taking the legs down all the way, no?

immibis

Invert it means selling SQQQ and TQQQ which you can't do unless you you're a megabank

That-Whereas3367

SQQQ and TQQQ are designed for (momentum) *day* *trading*. The maximum recommended holding time is a few weeks. Their only real use is speculation or temporary hedging.

Moist_Lunch_5075

So the reason this doesn't work is because you have 2 3x leveraged ETFs, meaning both are subject to slightly higher fees (represented in NAV value) and reset slippage. Each over a long period of time will underperform the market's move in either direction because they both gain at accelerated rates in both directions and have resets. This is a known common problem with any leverage above 2x, and a known problem with how these ETFs work. In other words, just balanced they will both slowly bleed money because the very small, almost imperceptible daily arbitrage differences between a 3x ETF and its index (or reverse direction on its index for SQQQ) will accumulate and negate returns. Both TQQQ and SQQQ overperform on their directional bias at an average of 1.1xleverage, so 3.3x... but because of reset slippage and the impact of costs to NAV, basically any gains you might make are negated in the best case scenario, while any losses are potentially amplified since losses on leverage are amplified more than gains in many circumstances by market design. ***Basically, what you have here is not an infinite money machine, it's an infinite risk reduction machine, and risk reduction always has an excess premium.*** The solution to one part of the problem here is to use a normal index fund on one side of the trade. QQQ against SQQQ for instance. This reduces arbitrage slippage and should result in better NAV returns on the side that dominates the trending in the timeframe. How you handle the weighting on this is by dollars with the SQQQ position simply being 1/3rd the QQQ position in capital... this resolves some of your arbitrage problem, but doesn't eliminate it. To eliminate it, you need something to give you directional edge and a strategy for reducing the leveraged short leg during periods of long positive trending. I've been running a variation on this with a short leg reduction strat over the past 3 months without ever taking the short leg down fully and allowing long risk with a capital buy-in backing based on chart TA and generated 13% on a very conservative portfolio layout since the beginning of September. Basically, you need edge, and this algorithm doesn't give you any edge.

alex_cant_read

i follow a guy on public who only owns SQQQ and TQQQ. he sells like 10 shares of whatever is winning per day. he just loaded up on SQQQ so im bearish

VisualMod

>Sudeepraja, your blog is fascinating. I had no idea that online trading algorithms could be so complex. However, I must say that I disagree with your conclusion about the Universal Portfolio algorithm. After running the numbers myself, it seems to me that this algorithm would indeed be profitable if applied to TQQQ and SQQQ.

zulufux999

You could just use the RSI of QQQ to determine entry points for TQQQ and SQQQ If you assume that the RSI has a probabilistic range and then determine sigma, you could decide if you’d like to trade one or two sigma moves in QQQ. Leveraged ETF’s are horrible for holding long though due to compounding loss.

JayRoo83

🌽 continues to just be TQQQ/SQQQ for morons huh

PapaCharlie9

> Aren't options prices on 3x leveraged funds priced to expect 3x the move of the underlying? Of course. > I don't understand why people think they can "make more" off leveraged etf options. Well, while I do think people make that mistake, believing their ATM call on a 3x is going to return 3x of SPY's price move for the day, a more common reason for why people trade leveraged funds is because their share prices are relatively low. Example, QQQ is 287, but TQQQ is 22. So ATM calls are much cheaper on TQQQ.

Rabid_Platypies

I’ve used Alpaca’s paper trading platform (you can also use real money) with Python just for fun and it’s very straightforward to get something that runs. I don’t recall if they have LETFs like TQQQ or futures available though. Good luck…

Ascension100

Not really as in times of larger movements in a more parabolic fashion over time you can see huge leverage more then what the options priced in, which is the benefit. In the march 2020 to nov 2021 qqq bull run we saw roughly a 150% increase in the qqq index , while tqqq did 1000% increase. That is a almost x7 roi ( vs the x3 you would expect , so a 2.33 more return then you would expect. Currently its 23, so its 10.6 currently the option close to itm At 290 it would be 133.64 using 286/ (23/10.6 ) QQQ shows 290 at 57.5 ( ask ) 133.64/57.5= 2.3x leverage priced in, meaning you get a 30% free roi boost as its not the x3 minimum. Obviously in times of large ranging you can get lower then the x3 return over a period of few months But if things go parabolic like we had in 2020-2021 then you can see higher leverage, which was like almost x7 ( 6.66 to be exact), ​ If QQQ did x2 from here to jan 2025 You would get a return of 580-290= 290, 290-59=231, 231/59=3.9 ,( x4 roughly) TQQ if you see just a x3 leverage return in a parabolic trend, then 23 ( current price ),the bid is 10.6 for jan 17 2025 contact ​ 23\*2( total index performance ) \*3 ( minimum likely leverage in average)=138 138-23=115 115/23=x5 roughly with the minimum expected leverage. Obviously if it has huge ranging movement and not parabolic you might see a bit less like x2.5, which would be pretty much the same as whatever is priced in. ​ Its more of a problem when we see huge ranging periods like from early 2018-2019. Then you get fucked. But if someone bought as soon as the TQQQ launched they would be seeing insane roi from then till now relative to just holding an index. It went from 0.4 in early 2010 to a ATH in nov 2021 of 88, a roughly x220 return while QQQ did 866% ( roughly 900%) so 22000/900=24.4, so x25 roughly

KaneLives2052

Well, there's always TQQQ the super beat down triple leveraged Nasdaq ETF. Real question with that bet is, how soon you need your money back.

Sandinister

TQQQ LEAPs? Why not QQQ? Better hope it goes straight up. There's a reason triple leveraged ETFs have gotten smaller and smaller

PorscheHen

What I did was buy 5 dollars worth of QQQ. Then I usually buy 1 share of TQQQ and 1 share of SQQQ. As I watch the market I buy both SQQQ and TQQQ. I try to capture the lowest price of the day and sell the next day. If I buy too high, I will usually have some money to DCA. Either way, one or the other will be sellable and the other will be DCAd. I hope this makes sense

WildWestCollectibles

*Sitting here with 2024 and 2025 TQQQ leaps* Hmm yes I wholeheartedly agree with your crayon lines

ExtensionEbb7

I picked up AMZN, GOOGL, and DIS in the low $90s. I have cash on the side, so even if they dump I’ll just average down, sell covered calls and use the premium to buy calls/TQQQ at the first sign of a reversal.

Excellent-External-7

Go halfway. Buying TQQQ shares is the perfect midpoint between lame vanguard boomer and 0dte degen

whiskeycharliepapa

TQQQ.

sloanemonroe

I’m thinking mid 2023 and all of 2024/2025/2026 is gonna make UPRO and TQQQ just keep going up. Hopefully I can retire after that.

Majestic_Salad_I1

That’s why I sold my TQQQ on Wed. I’m not going all in on SQQQ bc things could go either way up until the Fed meeting, but I do expect things to continue to decline through the middle of 2023.

VisualMod

You already have a bet going - TQQQ to 25.0 before 2022-12-03 13:20:42.781850-05:00

Myboywear

You can’t, you have to make a guess. Just like how you would for anything else. If SPY goes to 410 today, then I’d say Tesla goes to 205. So if you think QQQ 300 then TQQQ whatever a reasonable estimate would be

United12345

Let say QQQ goes to 300 What will be TQQQ price? How do i calculate that?

greyenlightenment

lol crash time for bitshit as always, sub $15k soon stocks still the best. long TQQQ + TECL, added to position in $20s

That-Whereas3367

You can also pair with a leveraged counterpart eg SQQQ and TQQQ. This allows you make money on both rises and falls if used correctly.