If you can stomach the losses, it always comes back. If you catch it after a MASSIVE drop like COVID, you really stand to make a huge gain if you hold long term. It's also a nice one to swing trade.
@@yuletak I’m starting to find out that it’s a great swing trade play if you time it correct and understand overall market trends. I had $14k of realized gains from it when it went from $64 to $75 per share
Risks: Would you be tempted to hit that giant SELL button if you see a drawdown of 80%? 😆 (Answer: HELL NO. You double down and get two jobs and work your ass off when it's down, and buy like crazy, it's on SALE!)
I think a major missguidance on many videos are made with the assumptions are lump sum investments. If you started at the TQQQ All-Time High and invested each and every month since then you would have way more profit than QQQ...It's all about cost-averaging. I am myself invested in 60/40 in SPY and 2xLeveraged SPY with a monthly contribution (3x is too volatile for me). So, even if the market falls, I will buy cheaper... The real question is: can you handle the drawdowns at times?
I am doing Dollar Cost Average investing tqqq whenever qqq is over its single moving Average 200. If qqq falls under SMA 200, i sell all and stay in cash.
Lol. Only hold long term if you assume that the returns will be the same in the past AND don't forget 50% drop requires 100% to recover. But again, holding long term leveraged ETFs may benefit some.
@@TheReal0necrown at least the past week has been. It’s dropped a lot and if you can’t stomach to see your portfolio drop that much then TQQQ is not for you.
@@TheReal0necrown yes I’m watching it. The more I’m reading about it, it appears to be more of a safe easy to trade swing traders play. Just follow the general market trend and put your stops in. I believe once this negative global economic turmoil leaves the news cycle it’ll be right back climbing again.
If you can stomach the losses, it always comes back. If you catch it after a MASSIVE drop like COVID, you really stand to make a huge gain if you hold long term. It's also a nice one to swing trade.
@@yuletak I’m starting to find out that it’s a great swing trade play if you time it correct and understand overall market trends. I had $14k of realized gains from it when it went from $64 to $75 per share
@@JimTheProducerso you had/have about 1,272 shares with an $81,408 cost basis?
Risks: Would you be tempted to hit that giant SELL button if you see a drawdown of 80%? 😆 (Answer: HELL NO. You double down and get two jobs and work your ass off when it's down, and buy like crazy, it's on SALE!)
Exactly my thoughts as well... Why sell it at a low, when you have years to retire anyways...
What would be the risk if I stomach longtime for TQQQ?
I think a major missguidance on many videos are made with the assumptions are lump sum investments. If you started at the TQQQ All-Time High and invested each and every month since then you would have way more profit than QQQ...It's all about cost-averaging. I am myself invested in 60/40 in SPY and 2xLeveraged SPY with a monthly contribution (3x is too volatile for me). So, even if the market falls, I will buy cheaper...
The real question is: can you handle the drawdowns at times?
I am doing Dollar Cost Average investing tqqq whenever qqq is over its single moving Average 200. If qqq falls under SMA 200, i sell all and stay in cash.
Interesting strategy. Probably does pretty well for you. I curious what your YTD would be
What are the historical returns of doing this vs simple dollar cost averaging tqqq?
ua-cam.com/video/c0I05zps94Y/v-deo.htmlsi=6SmMG07FoB44ewIf
Thus guys does something similar
It reached $85, but now it’s at $72.75. I feel like it has lost its value.”
As of Thursday, July 25, 2024, TQQQ is down about -25% in just 2 weeks 😔
Perhaps a good time to buy, but not good for those who already had TQQQ
Correct. It looks really attractive right now knowing it was just at $85 per share.
Chanel Vista
Lol. Only hold long term if you assume that the returns will be the same in the past AND don't forget 50% drop requires 100% to recover. But again, holding long term leveraged ETFs may benefit some.
a 100% increase is manageable given that its leveraged 3x QQQ. Meaning the QQQ would need to go up 33% overall. In the long-term thats easy.
Okuneva Knolls
Alexandria Inlet
I was going to dollar cost average my 500/mo pension into TQQQ and see how it works out. PS i don't meed it.
Balistreri Plaza
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It seems pretty grim
@@TheReal0necrown at least the past week has been. It’s dropped a lot and if you can’t stomach to see your portfolio drop that much then TQQQ is not for you.
@@JimTheProducer True gotta have nerves of steel instead of a drop you should see it a buying opportunity
@@TheReal0necrown yes I’m watching it. The more I’m reading about it, it appears to be more of a safe easy to trade swing traders play. Just follow the general market trend and put your stops in. I believe once this negative global economic turmoil leaves the news cycle it’ll be right back climbing again.