$ProShares UltraPro Short QQQ ETF (SQQQ.US)$My break even is...
$ProShares UltraPro Short QQQ ETF (SQQQ.US)$My break even is $10, possible to recover losses from here?
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DiMoney OP : What do you think is the time horizon for this break even chance? I can also average down a bit.
razo2 DiMoney OP : you are not supposed to hold this for more than 3 days. this ETF will decay. the only reason why people are entering this is because the index is way overbought.
DiMoney OP razo2 : Yes i know this very well, but I now have tremendous losses, that i was hoping to average down and recover a bit. Its a mistake i need to remedy, unless I just realize the losses and move on.
Jayden Z : You can extend the time through calendar option strategies, reduce costs through vertical strategies, or buy puts to hedge