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SQQQ240830C3000

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5.20
-0.05-0.95%

15min DelayClose Aug 30 16:00 ET

5.20High5.20Low

ProShares UltraPro Short QQQ ETF Stock Discussion

EZ_money

10 minutes ago

$ProShares UltraPro Short QQQ ETF (SQQQ.US)$

Warren Buffed

12 hours ago

Market closed

Share Your Profit/Loss

Lucky Lu

12 hours ago

$ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Nasdaq 100 monthly performance table
Would this Sep be a record loss ?

Warren Buffed

12 hours ago

never EVERGREEN

$ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Because....
Im always EVERRED
$Evergreen Corporation (EVGR.US)$
Jokes aside(jokes on maself)
SQQQ failed to gold cross on friday
Big money shifted from NVDA to INTC
Maintaining indices at near ATH
Looking at daily chart, im eating hopium, hoping a daily downward wick retesting $8, staying at higher-lows
Friday is a daily graveyard doji
Thats update from me this week: im your noob contrarian holder
Papa warren says : be hungry when ot...

B00GIE

20 hours ago

$ProShares UltraPro Short QQQ ETF (SQQQ.US)$ it wants 9++

Warren Buffed

22 hours ago

Pce so good

$ProShares UltraPro Short QQQ ETF (SQQQ.US)$
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

JonSnow : as long you stay short market tends up, ones you switch long, I go short

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Warren Buffed OP JonSnow : Holy crap im your crystal ball, at your service

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Warren Buffed OP JonSnow : U can short now

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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?

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frenkly : Short the S&P 500 , watch it go down.

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