Whose buying TQQQ now?
Anyone buying more TQQQ?
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Bought in at the top unfortunately like an idiot. Got in pre stock split at around 172 which is 86 now. Averaged down on the 10-15% dips which brought me to around an 83 average. Shit has been tanking obviously this past week and I'm down 28% lol. Also down 35% on SOXL despite averaging down a couple times, unfortunately not at the low peaks. Luckily these positions are only like 5% of my portfolio each. I'll buy when VIX is above 30 or I'm down like 40-50% from now. Futures look like tomorrow will be another down day. Once there's a crash, I'm gonna lever myself to the tits and load up on these positions.
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Haha maybe. I have a long term horizon, so I'm not too worried. It's a lesson for me that I shouldn't average down on this shit until I'm like down 30%. Because being down 15% is likely just the index being down 4-5%, which isn't that much. What percentage of your portfolio do you have in TQQQ? Did you only start buying a month ago or did you previously buy TQQQ before that and just loaded up more recently? Are you in any other 3x ETF's like SOXL? It sucks because I literally heard about these instruments and invested right after, which unfortunately was at the top.
I did, but I dont have much money to begin with
TQQQ ape checking in ⛑
Bought it with margin at the peak… got margin called yesterday and lost a shit ton. Effectively my last two bonuses out the window…
holy shit bro. sorry to hear that
Levering up to invest in a triple-levered product with high beta underlying? I feel for you, but that's some serious risk tolerance…
Wtf why would you do that :0
I would never sleep living through this crash while on margin and in a levered product. You have some god damn balls my man.
This better be a troll post…
Cost basis is $69. Bought in during the drop around Sept and Oct. and a bit as it moved up. Again during the drop a week or so ago.
My roth on the other hand.. $73 avg
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i moved the limit like dec 29th. still have 4k ish in cash, probably will buy some more on monday after that huge drop on friday lol
Getting crushed rn but going to wait until im down like 35-50% to deploy more cash. Not selling shit. 100% of PA and Roth. All in boys.
You're a brave soul going 100% all in on TQQQ lol. I could not stomach the volatility to have it as 100% of my portfolio. I'm never going more than 20%.
How are you feeling this morning?
Been DCA once per month since the Fall, kind of got in at the top. Bought some more last week. Going to keep doing the same thing.
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Been DCA once per month, building it up to be ~20% of my portfolio. well see if i can keep DCA on the dip.
Nah but I bought SQQQ at the top
Out of sheer luck I rebalanced from TQQQ / QQQ / SPY to more value and financials ETFs like a month ago. Prior to that I had all $30K of my net worth in it (Made like a 50% return while the going was good).
I'm probably sticking to value and financials for 2022. Think it'll hold up a bit more with rising rates and at least there's a few pennies to pick up through dividends while share prices decline or stagnate.
The question I cannot answer is what in growth / tech is going to change to catalyze a rebound from this correction? If rates keep rising and earnings keep shitting the bed I really don't see why there would be one any time soon. Thoughts?
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If you're purchasing TQQQ, your hold time should be excess of a few years anyways
I just bought shit load of LABU......
Better hope there’s a worse COVID variant
Can you give me some rationale for this? Seriously considering selling my UPRO (at a loss) to get into LABU on the coming rebound since LABU is FAR more down...thoughts?
Feeling like too much IPOs in the last two years have sucked the momentum out of the public biotech market. I would guess 2022-23 gonna be quieter than 20-21 and would help XBI recover. Bad news for our ECM folks for sure. 2022/23 are just like the 2017-18 after brutal 2015-16: slow but recovering.
Bought near the top then avg down to $67. Not buying anymore but if it drops below $50, then double down. I’m currently 50k deep so if it tanks ill put another 50k. Stonks only go up, right?
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No realized loss if you don’t sell bruh
Shits going to $20
Timing of TQQQ is so important. People are getting slaughtered and will take years to recover
? This just isn't true...
Which part isn’t true? I’m not sure if it’ll take people years from today, but timing is pretty important (if you are putting in one large chunk and not DCA). The example often discussed is that if you got in right before (1-2 months) the tech bubble you would still be down ~20-30% (well more like 40-50% or so now). People don’t often connect to that, since QQQ is at about 3x from tech bubble peak (up 200% or so)
QQQ is frothy and over valued. The fact people r going all in on TQQQ is beyond me. Get rich or die trying I suppose
How's the bagholding going? Anyone else like me and just chilling with some TMF and QYLD? That 25% annualised dividend yield tho.
Uh that not how TMF works. TMF is meant for hedge with THE leveraged ETF. You're not getting 3x the yield...even with margin you're not getting 25% dude
The yield was in reference to QYLD mate.
Lot of cheeks getting clapped in here
Yeah watching your analysts be decimated with the little they had while you live out your days as a rich MD having already experienced the 12 year bull run...
+1. Even tho I'm getting my ass blasted myself lol
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Anyone get in on VXX early? Short term could be a good way to ride out all the different issues playing out - fear seems to be at ATH whether justified or not
It has been printing but I don’t want to hold the bag on the inevitable decay when things stabilize
I keep seeing the word "decay" being thrown around. Sorry for my ignorance, but can someone please enlighten me on what decay is?
TQQQ is not for risk averse, my understanding is leveraged funds can decline in volatile markets when the underlying index does not go down due to the mechanics of how they try to magnify the inter and intraday share price movements with futures and options
Example 1:
Index Price of 400; Share price of $100
- Index goes up 10% to 440; Share price goes up 30% to $130
- Index goes down 9.1% to 400; Share price goes down 27.3% to $94.5 even though index did not decline
Example 2:
Index Price of 400; Share price of $100
- Index goes down 10% to 360; Share price goes down 30% to $70
- Index goes up 11.1% to 400; Share price goes up 33.3% to $93.3 even though index did not decline
That said, leveraged funds like TQQQ made a fortune since the bottom in 2020 because of the low actual realized volatility of the index price (generally only increasing over time - look at the graph!). If you expect choppier waters from here on out (which many do), avoid leveraged funds.
If you short both triple bull and triple bear decay is the arbitrage assuming zero cost to borrow
Awesome explanation - thank you!
TQQQ is restricted at my firm, no idea why but I dumped into SOXL today.
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How tf is TQQQ restricted but not SOXL? Lol no ETF should be even restricted period ridiculous rules. Either way if you did buy SOXL today with a solid amount of cash you're likely going to be rich in a few months. Congrats, wish I was in that situation...
Compliance likes to power trip for no reason.
How yall feeling today?
How my TQQQ homies doin lol
Yall TQQQ are some get rich quick clowns. Straight up lol.
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