Replies to post #1415 on ProShares UltraPro Short QQQ ETF (SQQQ)

[fourdint]

Some people day trade this and the way it's been acting at these "nasdaq highs" it can work = 1% a day is a 365% return ... if you can achieve that 1/3 of time then who could complain about 100% annual return. Thing is an bull market can quickly kills that whole plan -- and we all know the general trend of nasdaq is always up.

BUT and SO, IMO, the only time you really want to get in on SQQQ is in an expected correction/bear market. I expected a correction but it's really just bouncing between resistance and support levels and not busting through either up or down.