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Time to make money on the way down now. SQQQ

Posted on 9/6/20 at 7:38 am
Posted by Utah Tiger
Palm Beach, FL
Member since Sep 2005
1126 posts
Posted on 9/6/20 at 7:38 am
in and out daily or every other day for me.
Posted by Barrister
Member since Jul 2012
4606 posts
Posted on 9/6/20 at 8:18 am to
SQQQ is always an option on down days
Posted by lsu xman
Member since Oct 2006
15527 posts
Posted on 9/6/20 at 8:42 am to
10,866 is 10% haircut from all-time highs. Thats LOD on Friday.
This post was edited on 9/6/20 at 9:00 am
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9292 posts
Posted on 9/6/20 at 9:05 am to
Sounds like a sure thing. What could go wrong?
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7350 posts
Posted on 9/6/20 at 1:05 pm to
I was in SQQQ Friday morning. Then flipped to TQQQ in the afternoon.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26575 posts
Posted on 9/6/20 at 1:08 pm to
This is how you get destroyed
Posted by LSUneaux
NOLA
Member since Mar 2014
4486 posts
Posted on 9/6/20 at 5:59 pm to
I bought SQQQ in late August thinking we were at a peak, and wasn’t able to get above water until Friday. I’m out now safely, but it was stressful seeing an obscene run up in the Nasdaq.
Posted by BigVoodoo
Milky Way Galaxy
Member since Jul 2015
1140 posts
Posted on 9/7/20 at 3:38 pm to
Terrible decision to short market with PPT at play and elections upcoming
Posted by CajunTiger92
Member since Dec 2007
2820 posts
Posted on 9/8/20 at 5:39 am to
quote:

Terrible decision to short market with PPT at play and elections upcoming


Not as necessarily, hedging long positions with short positions can help offset losses. It’s not for everyone but for some it isn’t a terrible idea.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 9/8/20 at 5:42 am to
quote:

hedging long positions with short positions can help offset losses


lmao
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