ProShares UltraPro QQQ ETF (TQQQ)

[luckydude777]

I for one greatly enjoy your posts so I hope you do not go too far away. You have MANY treasured insights IMO.

LIke many ... I was expecting a continuation of the trendline going up into September. Then late last week things started accelerating down and Friday was the "crown achievement" of surprises for people like yours' truly. (I expected a selloff Friday but not NEARLY as huge as it unfolded).

Over the weekend a few commentators hinted that perhaps the typical selloff we normally get in September before the indexes start climbing again -- MAYBE we're getting that selloff a few weeks EARLY. Who is to say? Certainly not me.

So Friday and this morning I bought a bunch of T. If they puke the market HUGE going forward, I will have bought high. If they don't puke the market, but start a new sustained trend up, I will have bought low I guess. I'm inclined at present to simply hold my T shares going into the winter months and not do so much flipping like I've done starting out in March.

Curious - those shares you bought in the $60 and are sitting on. How does Pro Shares go about charging you the expense fee on them? Once a month? When you sell them? ????? I'm still in the dark on WHEN and HOW they collect that expense fee.