Curious if folks have had consistent success using the 3x shirt/long funds to try to make some easily tracked gains.
Sure… if it was guaranteed, then someone would be a billionaire hedge fund owner. I get all that. Nothing is guaranteed.
But if you’re reasonably comfortable watching and taking some risk on certain trades, is this a decent consistent strategy?
Rationale – only need to track a few funds. Ones like TQQQ, for example. So not stock picking, not caught in intricacies of what’s happening with specific funds. So no plays like BBBY, GME, etc. just bigger macro trends.
Take TQQQ for example. On Friday the NASDAQ dropped 2%, and TQQQ dropped >5%. If Q is a bit oversold, and traces a bit upwards (even if in a long term downtrend), then TQQQ traces up 3x as much roughly. As a trade over a day or two, it’s likely that there will be some chance for pocketing some profits. Maybe not a ton? But something.
Just curious if folks use the strategy of these 3x funds over other short term trading plays.
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