05-18-2021, 01:12 AM
SQQQ swing play then TQQQ?
<!-- SC_OFF --><div class="md"><p>I'm thinking of awesome strategies to take advantage of developments in the market and was wondering if you guys could let me know if I'm on the right track here. Looking at October and February/March, charts look identical to how there was a dip, spike, dip to bottom, then slow stablization between the collapses. Last Friday we appear to have had the spike up before the 2nd dip to the bottom period. Judging by this the next 2 weeks will be deep red for the QQQ, and SQQQ may be a very good play. In fact, I'm already up 4% in SQQQ today alone. </p> <p>​</p> <p>Does anyone see any reason why it's not a good idea to hold SQQQ for a 2 week period that is pretty much a 100% sure thing for the market to be tanking, and then buy in TQQQ to get tripple gains for a few months? I heard the thing about decay, but would decay apply for short term 1-2 week investment periods?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/f00dl3"> /u/f00dl3 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/nemymh/sqqq_swing_play_then_tqqq/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/nemymh/sqqq_swing_play_then_tqqq/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'm thinking of awesome strategies to take advantage of developments in the market and was wondering if you guys could let me know if I'm on the right track here. Looking at October and February/March, charts look identical to how there was a dip, spike, dip to bottom, then slow stablization between the collapses. Last Friday we appear to have had the spike up before the 2nd dip to the bottom period. Judging by this the next 2 weeks will be deep red for the QQQ, and SQQQ may be a very good play. In fact, I'm already up 4% in SQQQ today alone. </p> <p>​</p> <p>Does anyone see any reason why it's not a good idea to hold SQQQ for a 2 week period that is pretty much a 100% sure thing for the market to be tanking, and then buy in TQQQ to get tripple gains for a few months? I heard the thing about decay, but would decay apply for short term 1-2 week investment periods?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/f00dl3"> /u/f00dl3 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/nemymh/sqqq_swing_play_then_tqqq/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/nemymh/sqqq_swing_play_then_tqqq/">[comments]</a></span>Kind Regards R