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$ProShares UltraPro QQQ ETF (TQQQ.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ Potential resistance level, but given positive gamma, may head higher ![]()
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Orhan : What was the % gain on the trade?
Rapz OP Orhan : About 15% for this trade. Didn't catch the perfect bottom during the flash crash![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Golden John : Should I hold this TQQQ for long term?
Rapz OP Golden John : If you got it at a good price, maybe so. Do some research into the risk of leveraged ETFs, and compare the performance of QQQ vs TQQQ over the years to see drops and risk
TQQQ is actually meant to be a day trade instrument, not long term holding due to things like decay. And whenever QQQ gets a pullback, TQQQ will really drop more.
If you wanna invest in a tech ETF, maybe you can try the VGT etf instead. Again, compare their performances over the years using some free online tools.
Do also note that we are coming into a rate cut soon, plus this is an election year, so there should be increased volatility towards the end of the year.