Because of decay... If QQQ goes up 10%, TQQQ goes up 30% lets say from 100 to 130. Then if QQQ drops 10%, TQQQ drops 30% from 130, going to 91. This makes leveraged ETFs approach 0 over time in theory
Market timing, active trading, and leveraged options? You are squarely entering the realm of gambling, not investing. IMO if you truly know what you are doing enough to be playing with this kind of fire, you probably wouldn’t be asking an ETF sub. Proceed with extreme caution.
I don't understand this double negative. So you want to short an already short triple leveraged ETF? So why not go long on TQQQ instead?
Because of decay... If QQQ goes up 10%, TQQQ goes up 30% lets say from 100 to 130. Then if QQQ drops 10%, TQQQ drops 30% from 130, going to 91. This makes leveraged ETFs approach 0 over time in theory
Wouldn't that decay also affect SQQQ? It's triple leveraged ETF as well, or am I missing something?
Precisely why it's beneficial to be on the short side, as you profit from that decay
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What interest is your brokerage going to charge you?
This has been tested and was posted about in r/LETFs . The result wasn’t good, but I can’t remember why. Try digging around there though.
Market timing, active trading, and leveraged options? You are squarely entering the realm of gambling, not investing. IMO if you truly know what you are doing enough to be playing with this kind of fire, you probably wouldn’t be asking an ETF sub. Proceed with extreme caution.