Here I have talked about some myths that most people have about Leveraged ETF and the truth behind that nobody talked about. Will 3X ETF goes to 0 if underlying index drop 34% in a single day? Is 3X ETF only suitable for day trade? Is holding 3X ETF better than holding the underlying index's common ETF?
The Boring Investing : I am all in TQQQ
Investing Maniac OP The Boring Investing : How long have you been all in?
The Boring Investing Investing Maniac OP : 1 hour ago
Investing Maniac OP The Boring Investing : Can try to sell put options when it is in red like today. normally I dont buy it directly. I will tend to sell put options at 1 month expiry date at strike price 24% lower than current price. This has always been my strategy and I can go like this with 1 year without buying any TQQQ but earned around 50% return annually.
The Boring Investing Investing Maniac OP : Good strategy . Thanks
Investing Maniac OP The Boring Investing : You are welcome
103026296 : Is it appropriate to bet all on TQQQ?
If you want to sell Tencent and BABA, the recovery of these two should be very slow in the short term. They have already lost 38%.
Investing Maniac OP 103026296 : Nope, not safe to bet all in one thing at any point of the time, even if it's an ETF. Try to expose yourself into more, likw at least 2 to 3 ETFs or 5 to 7 stocks.