Viewing a single comment thread. View all comments

JustBuildAHouse t1_j1bgi0v wrote

Reply to comment by milesthegreat2020 in Lower low has been made on the nasdaq by Miljonairsteam

But you still shouldn’t hold it long term. You’ll get fucked by beta slippage. Just 1 green day and can bomb your position. But of course if you get lucky with consecutive red days you’ll make bank. But in the long term lots of risk

4

milesthegreat2020 t1_j1bguue wrote

Not if you know how to read charts. I don’t leave my positions unmanaged. But in this down trend you could have and still done well, but not as well.

1

StockCasinoMember t1_j1bny66 wrote

I'm not much for charts but I swing trade both sides. Sold half of my SQQQ/SPXU today and, exercised a $18 strike TQQQ PUT(bought in the 16s), and bought some TQQQ in case we have a bounce up tomorrow. I use a combination of selling puts and LIFO swing trading as well to lower my cost basis in down trends while I buy bigger in bulk when I feel the time is right.

2