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To: TexasGator

“I quit day trading”

Ya ... different strokes for different folks ...

I’m addicted to the rush ... and I’m not kidding.

What a day ...got to the edge of the slope ...but no big slide. A set up like that doesn’t happen every day ..

WHAT a rush ....
Came out just fine
hit the print at 11.15 but inter web lag cost me 2pts
sqqq at 11.1301
held my options till .16 .... even
I hate to wait that long 3:30 can be a crap shoot.

hmmm ...
I don’t usually like to compare size ...
but for you .. 2.06% lean and green or should I say gold
I’ve been dipping in to mines for a bit and they moved a little today.
Good on you for a green day, and I bet your blood pressure
stayed good , and your not still shaking like a meth head ...
I can barely use this key board.
BUT .......it’s better then a bass boat


142 posted on 02/23/2024 1:58:21 PM PST by 1of10 (be vigilant , be strong, be safe, be 1 of 10 .)
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To: 1of10

What broker are you using?

Are you using 2 screens?

Level 2 quotes?


143 posted on 02/23/2024 2:15:06 PM PST by TexasGator
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To: 1of10

“11.15”

SQQQ has large holdings in bonds and uses derivatives to get 3x inverse QQQ. How they do it and what derivatives they use does not appear to be public knowledge. I was ignorant and just assumed they were shorting stocks.

I have never traded SQQQ so never bother to get the details.

Now I see they pay a quarterly dividend which at this level is pretty hefty.

How are they generating the cash flow for the dividends? Must have some terrific algorithms!


146 posted on 02/23/2024 2:26:13 PM PST by TexasGator
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