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Comments (87)

  • Intern in IB - Gen
Jan 20, 2022 - 10:57pm

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.

  • Intern in IB - Gen
Jan 21, 2022 - 1:24am

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. 

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  • Analyst 2 in IB-M&A
Jan 21, 2022 - 3:25am

Bought it with margin at the peak… got margin called yesterday and lost a shit ton. Effectively my last two bonuses out the window…

  • Associate 2 in PE - Other
Jan 22, 2022 - 2:15pm

Levering up to invest in a triple-levered product with high beta underlying? I feel for you, but that's some serious risk tolerance…

Jan 26, 2022 - 5:19am
NoBrim, what's your opinion? Comment below:

I would never sleep living through this crash while on margin and in a levered product. You have some god damn balls my man.

  • Analyst 1 in IB-M&A
Jan 21, 2022 - 3:57pm

Deleted

  • Analyst 2 in ER
Jan 21, 2022 - 3:25pm

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. 

  • Intern in IB - Gen
Jan 21, 2022 - 5:46pm

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%.

  • Intern in IB - Cov
Jan 21, 2022 - 9:12pm

Nah but I bought SQQQ at the top

Jan 22, 2022 - 9:01am
TimesNewMoney, what's your opinion? Comment below:

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?

Jan 23, 2022 - 7:01pm
meep11, what's your opinion? Comment below:

If you're purchasing TQQQ, your hold time should be excess of a few years anyways  

  • Associate 1 in S&T - FI
Jan 22, 2022 - 5:21pm

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?

  • Analyst 2 in IB-M&A
Jan 23, 2022 - 9:49pm

Timing of TQQQ is so important. People are getting slaughtered and will take years to recover

  • Investment Manager in HF - Other
Jan 24, 2022 - 12:42am

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)

Jan 24, 2022 - 2:06am
Bankerconsu, what's your opinion? Comment below:

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

  • Analyst 1 in IB-M&A
Jan 24, 2022 - 2:44pm

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

Most Helpful
Jan 24, 2022 - 10:36pm
Premia, what's your opinion? Comment below:

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.

Array
  • 7
Jan 24, 2022 - 10:37pm
Premia, what's your opinion? Comment below:
WSO Monkey_12

I keep seeing the word "decay" being thrown around. Sorry for my ignorance, but can someone please enlighten me on what decay is?

If you short both triple bull and triple bear decay is the arbitrage assuming zero cost to borrow

Array
  • 1
  • 1
  • Analyst 1 in IB - Gen
Feb 23, 2022 - 5:42pm

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Feb 23, 2022 - 7:18pm
Bankerconsu, what's your opinion? Comment below:

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  • Associate 1 in ER
Feb 24, 2022 - 9:19am

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