US ETFDetailed Quotes
SH Short S&P 500 Proshares
- 11.150
- -0.090-0.80%
Close Aug 30 16:00 ET
11.280High11.140Low
11.280High11.140Low23.63MVolume11.210Open11.240Pre Close264.86MTurnover28.28%Turnover Ratio--P/E (Static)83.56MShares14.50252wk High--P/B931.65MFloat Cap11.03052wk Low0.74Dividend TTM83.56MShs Float71.824Historical High6.65%Div YieldTTM1.25%Amplitude11.030Historical Low11.206Avg Price1Lot Size
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$ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Im on a journey to the centre of the earth
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SQQQ is on track to 0.8$
Lower high at TF1H
As always perfect pce, perfect jobless claims, perfect data before election, perfect macro, as if in the benninging, all is good![]()
As SQQQ holder, get used gettin nuked & hammered
Strong resistance at $9 TF1D
Im on a journey to the centre of the earth
SQQQ is on track to 0.8$
Lower high at TF1H
As always perfect pce, perfect jobless claims, perfect data before election, perfect macro, as if in the benninging, all is good
As SQQQ holder, get used gettin nuked & hammered
Strong resistance at $9 TF1D
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7
$ProShares UltraPro Short QQQ ETF (SQQQ.US)$
I held another day
Tomoro is Friday (legend has it, TP day for wall street)
The trendlind is not broken yet.
MA & MACD starting to gold cross
Today retested MA & trendline as support
Talking about candles
Its a Daily hammer candle where downwards wick is 2x longer than real body
Higher volume
Down wick means buyer pushed back price up
Cheers
Ive been -70%
Im aiming +70% too(it means sqqq around 13$), its achievable
I held another day
Tomoro is Friday (legend has it, TP day for wall street)
The trendlind is not broken yet.
MA & MACD starting to gold cross
Today retested MA & trendline as support
Talking about candles
Its a Daily hammer candle where downwards wick is 2x longer than real body
Higher volume
Down wick means buyer pushed back price up
Cheers
Ive been -70%
Im aiming +70% too(it means sqqq around 13$), its achievable
+2
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3
$ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Run?
Accept the fate?
I just need another -0.7% from qqq to breakeven
Run?
Accept the fate?
I just need another -0.7% from qqq to breakeven
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JonSnow : as long you stay short market tends up, ones you switch long, I go short
Warren Buffed OP JonSnow : Holy crap im your crystal ball, at your service
Warren Buffed OP JonSnow : U can short now
152398743 : @Warren Buffed why on earth would you do this?
It looks like some perverse take on DCA, except you're buying a placeholder for a leveraged inverse of an inflationary asset. There is no way this can end well, because $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ isn't a thing. So you're not accumulating anything other than debt (in the form of previous buys at higher than market value). There is no logical bottom like there is with going long on the stock, where you can be sure that it can't go to zero, because it still makes money, and employs thousands of people, and NVIDIA, MSFT, GOOG, etc. aren't likely to go out of business any time soon. (TSLA on the other hand, may eventually go to zero, but not the entire NASDAQ index)
What you're doing looks like martingale strategy for a casino game.
if you really think the NASDAQ is facing apocalypse, why not just buy cheap put options (that most people think are unrealistic) with a distant expiry. In the meantime, if you just want to guarantee that you buy somewhat low, sell call options at an unrealistically low price, also with a distant expiry, at least that way, you're making the premium while waiting for your doomsday scenario to eventuate?
Also, just a life lesson I've learned, if you bet against everyone, such that you're the only winner, and the whole world except you are fu*ked, the establishment just won't let it happen. Somehow, regardless of what should happen, it won't, people will fudge things, and kick the can down the road for the next generation to deal with.
BTW: judging by your posts, you seem like a fairly smart trader, so what have I missed? Why are you torturing yourself by accumulating SQQQ?
frenkly : Short the S&P 500
, watch it go down.
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