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breakyourteethnow t1_ja5oxed wrote

Reply to comment by behrific in is there fed roulette this week? by bioknockout

Keep holding, am in SQQQ too. It reached a yearly low/support and bounced beautifully. All the news is awful, you think a run will happen until more bad news from inflation, Russia, China comes out and then it's over.

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Cutlercares t1_ja5terq wrote

Buying shares or options?

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Unknownirish t1_jac3ril wrote

I continue buying shares. But I'm a boomer investor so don't get your advice from a guy on Reddit.

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Hambonedome t1_ja689xa wrote

You do understand SQQQ is based off the inverse of the NASDAQ, right? And is intended to have a 3x return. Look at the NASDAQ if you wanna go off a chart.

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atn0716 t1_ja6ap00 wrote

What is sqqq? I tried to look up and understand this fund but couldn't find anything.

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Hambonedome t1_ja6c4zx wrote

3x inverse returns of the NASDAQ. It’s essentially shorting the NASDAQ but safer

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atn0716 t1_ja6ch00 wrote

So buying as a stock, the more nasdaq goes down the more this will go up? Like if the market crashes, this will jump a lot?

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breakyourteethnow t1_ja6cftw wrote

Yes, look at the yearly chart and check current fundamentals. Anybody worried about decay is missing out, it's not to hold forever but until March or even April, sure. TA does work for x3 leveraged but used in conjunction with QQQ and NQ.

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