The market made back over 2,500 in a blink.
A lot of the loss is panic selling.
I bought TQQQs the other day and I DO NOT recommend them as the move at the 3x the rate of the nasdaq in BOTH WAYS.
That means you lose 3x as fast also.
I didn’t buy a lot.
And I bought at 36.
Could get clocked that’s why I didn’t put a whole lot into it.
Trade with your head, not over it :)
I always wanted to use that line :)
Not you, Doughty, you’re too level headed, as I already know.
Much more so than myself :)
I had never played with leveraged ETFs before. You can gain or lose a lot.
I had an equal amount in SOXL and made a 60% profit, buying and selling at the same times.
Those things are scary, though.
I was noticing that. In fact it made up over 2,600 points.
Futures were looking down earlier, but they have rebounded
into positive territory once again.
You know, I was thinking earlier today that we may see
30,000 by the end of the year.
I don’t know anything about TQQQs. I’d have to play it very
conservative, if I were to try them.
Good luck to you. Sounds like you’re doing it right.
Sounds like you’re only using money you can afford to lose,
and that’s always a good strategy.
Just read that the Motley Fool has issued a “Double Down” buy alert.
Just told you the aftermarket had moved into positive territory for the DJ futures.
As soon as I told you that, it went down 175 points to 145 or so in negative territory.
I am the curse of death when it comes to investments.
Well - that's how a 3x ETF works. I just looked at my 1099 - and I traded $871,543.61 of TQQQ alone - 1800 shares on one day alone. 36 is nothing. I don't short it - I sell it and move into SQQQ or TVIX ($677,525.43 of that).
So - come on over and play with the big boys.