My take is that Sqqq can be good for short term plays n recovery balancing where some longs have already been too deep in the red. The idea is to be nimble, as the writer says, and hence take profiits off the table and ride on the volatility, taking advantage of the vagaries of the stock market especially 2022 and going into 2023.
Doom vs Opportunity Institutional leaders seem to be having continued dark predictions and talking about introducing cost cutting measures like lowering or pausing on hiring (Meta,Tesla,Costco, Microsoft,Amazon), even ridding under-performers (Zuckerberg), moving to cheaper tax locations (Tesla), reviewing expenses overall. Woe!Aggravation of war is not making inflation and supply chain disruptions go away any time soon and there seems no escape of recession reaching the rest of the world. Despite all these happening the stock market still moves, positively or negatively. I am still learning how to trade and realised one thing. The stock volatility creates opportunities for short term traders and, for those who kept some ‘cash-in-waiting’, some quick trades can be quite profitable if we a
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I believe the market will just range now and after CPI it would plunge again as inflation isn't going to drop enough for JeromePowell to relax on rate increases.
$Nasdaq100 Bear 3X ETF(SQQQ)$stocks will getlower no doubt about that. All the signsare there in the news on inflation, the dragging war in Ukraine and both the US n European central banks fighting inflation plus looming food shortages