ProShares UltraPro Short QQQ ETF (SQQQ)

[stockguard]

JohnCM

In my 30 plus years of trading never seen anything close to these types of markets. I`ll been honest $SQQQ is my only holding for some time to come. Call it a gut hedge but there is no reason for the worlds major markets to trade up. It`s all about the algo`s and the FOMO crowd when assumed oversold and then up, up and away, nope bull traps.

Can this market be played on Fibonacci retracements, yes to a point but when your using a 3x`s ETF it`s easier to stop trading and let it play out even with the decay in pricing.

Have a few GTC open orders on quality stocks below where the 1st decline stopped, but if they get filled still doesn`t mean there prices could not go much lower.

Virus=market declines
Recession=more declines
There is no normal anymore.....

What is a Leveraged ETF? - Decay, Risk & Volatility refresher:
https://study.com/academy/lesson/what-is-a-leveraged-etf-decay-risk-volatility.html