whatevers1234 t1_j1bfzi0 wrote on December 23, 2022 at 1:42 AM

Reply to comment by ProFoxxxx in Lower low has been made on the nasdaq by Miljonairsteam

Depends on how you look at it. If you use 1/3 your portfolio and average down you could be doing better right now than blowing your whole portfolio in QQQ.

Not to mention QQQ is down 33.59% ytd today. 33.59 x 3 = 100.77

But TQQQ is down 79.5% ytd.

Basically it’s less painful at this point being in TQQQ investing less than someone who blew everything in QQQ

Now, if you take everything you have and put it in TQQQ or another 3x at top then yeah…that’s clinically stupid.

I’ve averaged down TNA and TQQQ literally since highs of last October. My portfolio is down 25%. Helped by ability to swing trade a highly volatile stock as well.

Had the market not collapsed I would have made more $$ than had I invested in QQQ. And with the collapse having happened I have lost less than had I invested what I would have had to in QQQ to try and make the same profits in a bull market.

People are imo very misinformed about 3x. If you trade it correctly you can make more if shit goes your way and lose less if it doesn’t.

riksi t1_j1ckw5a wrote on December 23, 2022 at 8:12 AM

> Basically it’s less painful at this point being in TQQQ investing less than someone who blew everything in QQQ

Until you get 1 or 2 years of sideways market.

whatevers1234 t1_j1e7oth wrote on December 23, 2022 at 5:30 PM

Not true at all. TQQQ does not slip like inverse 3x markets. It’s quite minimal. If you are swing trading you will make up any of those losses quite quickly with just a couple sales. If anything it doesn’t matter at all if you are trading on volatility.

riksi t1_j1e8a1m wrote on December 23, 2022 at 5:34 PM

You are truly regarded my dude. Nobody said it slips like inverse. It still slips.

whatevers1234 t1_j1egxh9 wrote on December 23, 2022 at 6:32 PM

I invested in TNA back in October of 2021 and got truely fucked for sure.

But I invested in TQQQ around 36 and am even right now around 18.

If you sit like an idiot and don’t actively trade then yeah. You regarded. If you actually swing a 3x, sell CC, and hedge you fucking come out just fine.

Literally if I can be even when a stock moves from 36 to 18 I ain’t worried about a bit of slippage if markets move sideways. The way I trade that’s actually when I make the bulk of my $$ compared to rest of market.