Ultimate Dystopia
2022-05-19

$ProShares UltraShort QQQ(QID)$just found out that it doesn't necessary for us to have a margin account to short the market, you just have to buy inverse ETF instead! Great hedge for embracing bearish market or even market recession

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Comments

  • Jason81
    2022-05-20
    Jason81
    yes QID (x2) is the opposite of nasdaq,  if the nasdaq down 2% , QID will be up 4% , and vice versa,  this is more of trading. 😊 
    • Jason81ReplyUltimate Dystopia: 
      short nasdaq but buying qid is better as nasdaq always falls harder than snp
    • Jason81ReplyUltimate Dystopia: 
      yes , [smile]
    • Jason81ReplyUltimate Dystopia: 
      fyi , sh is 1x inverse of snp ,  not nasdaq  just sharing ,      ah yes x2 is more manageable and inverse trading u need to monitor the live prices very very closely
    • Ultimate DystopiaReplyJason81: 
      oops sorry my bad, thanks for the correction. For the case of SnP, it should be SH (-1), SDS (-2) and SPXU (-3), correct me if im wrong
    • Ultimate Dystopia: 
      yeah, in fact, SH is -1x, QID is -2x, and SQQQ is -3x. Depending on your own risk of appetite, i personally prefer QID
  • ZenInv
    2022-05-19
    ZenInv
    QQQ means the market will go down ?
  • TKPK
    2022-05-19
    TKPK
    thank you for sharing
  • MoreThanGold
    2022-05-19
    MoreThanGold
    Ok
  • Ktkw
    2022-05-19
    Ktkw
    yes
  • RPGold
    2022-05-19
    RPGold
    noted
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