ProShares UltraPro QQQ ETF (TQQQ)

[WolfOfGrnStreet]

Swinging in a tree again. Right?

[NHPIPIXiPY$26]

Maybe a little early butt cool to see you here! I'm familiarizing myself with this ticker and will be adding it to my repertoire, along with a few others, for the remainder of this market event.

All IMO

[TRAPPER JIM]

Yes sir

[luckydude777]

I'm a buyer and holder of T right now. Bottom most likely was reached earlier and now it's just a waiting game.

[TRAPPER JIM]

Today's headline
Futures tied to the benchmark S&P 500 tumbled 1.2% in the early trade, while those on the Dow Jones Industrial Average plunged more than 300 points, or 1.1%, touching the lowest level since March 2021. Technology stocks led the way down, with Nasdaq futures off by a hefty 1.3%.

Meanwhile, the 10-year U.S. Treasury note spiked above 3.7, hitting the highest level since 2010.

[captainscotty]

#TQQQ: WATCHING THE PRO's....

[luckydude777]

Loaded up with T shares under $23 a bit earlier. Dirt dog cheap. People sick and tired of the negativity in the markets. They're going to start loading UP in the days ahead in my rookie estimation.

[TRAPPER JIM]

Ok so what in tarnation happened to the market this afternoon.bit was doing so good all morning

[luckydude777]

Grabbed a bunch of T at $23.93 average moments ago. Will be out of them by close most likely and back into Q.

[luckydude777]

Sure miss your posting INSIGHTS!

[luckydude777]

Great time for flipping!

[captainscotty]

#TQQQ: LOOKING FOR PIVOT TIME... $23.21 Go lucky dude

[TRAPPER JIM]

Right on

[luckydude777]

LIKING those $23.89 T's I scarfed up last week.

[TRAPPER JIM]

Nice buys luckydude777

[luckydude777]

Adding to my T booty: $24.02. Loving these lows.

[luckydude777]

Think about this: If you're the PPT and have billions at your disposal to buy the indexes with to CONTROL which way the indexes trade, you can bring in millions and billions - and YES: trillions - over time into the FED without ever collecting a dime in taxes from us peons.

[luckydude777]

Acquiring cheaper T shares as they keep puking the price.

[luckydude777]

Loading some T here in pre-market. Like the price.

[TRAPPER JIM]

Hey Boiler Room welcome to TQQQ.

[luckydude777]

Let the board know how it turns out for you if you would. We're all here to learn from each other ... at least I am.

[BoilerRoom]

$TQQQ Chomp Chomp Chomp

[BoilerRoom]

$TQQQ bought some for a swing

[TRAPPER JIM]

Really wishing I had sold this morning. Could have bought back in $4.00 cheaper already. LOL

[luckydude777]

Have a prosperous day tiling, my friend!

[TRAPPER JIM]

LOL took today off work to lay tile in my bathroom. Was really excited to see my account growing all day since the market was up. Guess I'll go back to laying tile and check on it later.

[luckydude777]

M-A-N-I-P-U-L-A-T-I-O-N

[TRAPPER JIM]

The market was up like 200 points a little bit ago. Now it's down 560 what the heck

[luckydude777]

Was expecting it, Jim ... though with the manipulation going on with the Indexes the last several days ... man -- we could be UP 300+ points instead of down. This is one WILD unpredictable market for yours truly, I have to admit.

[TRAPPER JIM]

DANG just fell off a cliff and dropped 3.00

[TRAPPER JIM]

That'd sure make me happy.

[luckydude777]

We'll find out soon, reckon.

[TRAPPER JIM]

https://www.cnbc.com/2022/09/12/inflation-collapse-will-spark-big-stock-market-gains-credit-suisse.html
Inflation 'collapse' will launch powerful market rally, Credit Suisse predicts


Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation.

According to the firm's chief U.S. equity strategist, it will launch a powerful market breakout.

[TRAPPER JIM]

My buy at $29.06 is looking good so far.

[luckydude777]

Now out of T and using proceeds to accumulate S.

[TRAPPER JIM]

Nice trade

[luckydude777]

The thing I love about the triple Q's the most is that it doesn't matter WHICH direction the Nasdaq is headed. Betting in the RIGHT DIRECTION with your bets is all that matters!

And it really doesn't matter - for the most part - how much profit one is making. It's all about CONFIDENCE in one's ability to determine the RIGHT direction with one's buys and sells.

That is learned by making MISTAKES (but trying to make them CHEAPLY!)

It can also be learned somewhat by paper trading for a healthy season. Paper trading is FREE OF CHARGE.

[luckydude777]

Appears the PPT wants to give folks a little hope with T this morning. Bought some shares earlier at $25.90. Just sold them at $26.60 for a quick profit.

I'll use the profits to buy more S when the time is right most likely.

(No one CARES, Lucky).

[luckydude777]

“It’s clear the Fed wants to see tighter financial conditions, which include lower stock prices,” Brian Overby, senior markets strategist at Ally, wrote in a note."

https://www.yahoo.com/finance/news/fed-wants-lose-money-stocks-203345469.html

[TRAPPER JIM]

There's a lot of homeless people out there. I see tents and homemade shelters all the time

[luckydude777]

I spent part of my day visiting a park in the city. It's a homeless hangout. In spending some time talking with some of them, and observing overall ... I left thinking to myself:

'There is something WORSE than being homeless. It is living in hopelessness.'

[Xunefox]

As a great movie :)

[Agoura Guy]

REMEMBER THE BIG SHORT.... B RATED HOUSING BONDS FULL OF MORTGAGE HOLDERS WITH SUB 500 FICO SCORES!!!!!!!!!

HOW DID THAT TURN OUT??????

[tw0122]

Bank of America just launched a zero down payment mortgage in 21 cities that could make it much cheaper and easier to buy a home

The loans are subject to rigorous underwriting and are based on credit guidelines including on-time bill payments including rent, utilities, phone and auto insurance payments. Eligibility is based on income and home location. No minimum credit score or mortgage insurance is required.

Applicants do not have to be Black or Hispanic/Latino to qualify for the loans.

Before applying, applicants must complete a homebuyer certification course provided by housing counseling partners approved by Bank of America and the Department of Housing and Urban Development.

Imagine getting approved for a mortgage on your dream home without having to make a down payment, pay closing costs, or have a certain credit score.

That will become a reality for borrowers in 21 cities after Bank of America announced a new mortgage plan

https://mobi-me.net/news/bank-america-just-launched-zero-down-payment-mortgage-21-cities-could-make-it-much-cheaper-and

[luckydude777]

September could get very lucrative for shorts (SQQQ) as I'll probably be playing some to get a better feel for that side of the game. But very small - quick trades. The election "equation" just won't let me get as confident as others seem to be.

Yet I'm going to SIT on my T shares now. They WILL go higher from my buy average ... it's just a matter of time. I don't need the cash so it makes it easy to sit.

[luckydude777]

September could get very lucrative for shorts (SQQQ) as I'll probably be playing some to get a better feel for that side of the game. But very small - quick trades. The election "equation" just won't let me get as confident as others seem to be.

Yet I'm going to SIT on my T shares now. They WILL go higher from my buy average ... it's just a matter of time. I don't need the cash so it makes it easy to sit.

[fourdint]

Nope! You have to Call it as you see it!!

[Agoura Guy]

IF YOU ARE TRAPPED IN T ANOTHER OPTION IS TO WAIT WELL INTO OCTOBER BEFORE AVERAGING DOWN IN THE $10-$15 RANGE AND CATCH A POWERFUL SNAP BACK BEAR MARKET RALLY!!!!!!

RECENTLY I LOWERED AN EXPENSIVE S POSITION BY AVERAGING DOWN OVER A PERIOD OF 5 WEEKS, NOW IN PROFITS!!!!!

WHEN I EXIT MY S POSITION I PLAN ON GETTING INTO CHEAP T'S FOR A BOUNCE!!!!!!!!

[Agoura Guy]

... MORE RATE HIKES COMING!!!!!

[luckydude777]

Well ... the DAQ didn't rise this afternoon as hoped so I'm not going to exit T afterall.

I'll wait until we reach June's low and see what happens then. May even buy a bunch the lower my average if the DAQ drops below June's low. Wouldn't now surprise me if it does.