Indices & ETFs

[hanera]

@manch

Let’s say we have 10 5% down days in a row in QQQ. As a doomsday dot-com scenario that’s very mild, right? Maybe unlikely but certainly far from impossible. Aren’t you saying we have a dot-bomb waiting to explode?

QQQ: 0.95^10 = 0.6. So you lost 40%. Feeling awful.

TQQQ: 0.85^10 = 0.2. You lost 80%. Since you like going all-in on one stock, depending on your mental state, losing 80% may lead you to put a bullet in your head.

You miss the f… point of the discussion. The idea is to buy TQQQ at that bottom! Allow me to summarize, rather than for you to search through all the posts,

1. TQQQ is a dud if QQQ goes sideways
2. According to @Jil research, over a 10 year period, only TSLA beats it. Take note TQQQ started in Feb 9, 2010.
3. Is impossible to beat TQQQ if you can buy at a MAJOR bottom

Point 3 is what we want to do.

Btw, today is not a major bottom. I bought 1000 TQQQs@$96 (@Zeapelido bought 470@$89) but plan to sell in short order. I want to buy at a major bottom and then sit tight.