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This triple leveraged fund, despite what you've read, can be held for longer durations (than, say, a day trade or swing trade)......provided.....you're holding during a flat to uptrend rise like we've had last six years. You will, 100% of the time, go up more than 3X the QQQ underlying index.
However, if you hold for these longer lengths during a prolonged downturn, you will 100% of the time do worse than the 3X negative performance of the underlying index. This is due to decay, and the need for the issuer to constantly add more leverage (money) during a prolonged downturn, and less added leverage (or none) during a flat or uptrend market.
As the OP seems new to investing, I would recommend just the straight QQQs. I make a ton of money each year with the TQQQ, just couldn't help sharing here.
This is completely false. You don’t understand how it operates if you make this statement
Lowexpectations....sorry, what was I thinking...I reworded my post as you are correct one won't make 3X or better than 3X the index, the longer they hold. However, when holding during an uptrend, the TQQQ will always perform better than the QQQ.
Lowexpectations....sorry, what was I thinking...I reworded my post as you are correct one won't make 3X or better than 3X the index, the longer they hold. However, when holding during an uptrend, the TQQQ will always perform better than the QQQ.
This is still false. It depends entirely on the daily fluctuations the index makes as the Daily reset can be crushing. The wider the daily moves the worse the impact. You can have a general uptrend and still lose tqqq vs qqq
TQQQ attempts to return 3x the Nasdaq 100 daily. Everyday the fund resets to try and produce 3x the index return the following day. You have to understand what the daily reset will do to your potential returns over time. Your returns could exceeds 3x the index or you could lose more than 3x what the index does because the product is reset daily. When everything is going up it looks great
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