Welcome to Thursday Special!
Whenever good news hits the market, stocks shoot up like rockets. But what if you missed the train?
Or perhaps during a downturn, you're eyeing a short play. Any clever strategies there?
Many of us already have answers! $ProShares UltraPro QQQ(TQQQ)$ and $ProShares UltraPro Short QQQ(SQQQ)$ are the usual suspects!
Today, let's explore beyond.
What other leveraged ETFs are turbocharging your gains?
Share screenshots of your returns in the comments or tag the tickers.
Unlock the secrets to your wealth, and let's all huat ah!
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Comments
small note to other tiger investors...
- I realized that most leveraged ETFs are not offered as fractional shares ( $Nasdaq100 Bull 3X ETF(TQQQ)$ & $Nasdaq100 Bear 3X ETF(SQQQ)$ does)
- every trade (buy or sell) is nzd2. if buying & subsequently selling 1 unit, the cost is nzd4. the stock price has to soar a mega amount in order to gain back your fees
- so if trading small position, it's only worth it with tiger coins & fee waiver vouchers. otherwise, buy big or don't buy at all
- plus, leveraged ETFs are not suitable for long term hold, not for the faint hearted
good luck mates 🤞
$Direxion Daily FTSE China Bull 3X Shares(YINN)$ and $Direxion Daily FTSE China Bear 3X Shares(YANG)$! It is better than individual stock for me.