$Nasdaq100 Bear 3X ETF(SQQQ)$ 

SQQQ has been trending upwards in the past 5 days as the markets are waiting for the Feds decision tomorrow on interest rates. 

SQQQ is up 3% in the past 5 days.  Last Friday was the worst day since August as all 3 US indexes closed down.  Last Friday was also Triple Witching Day when  the stock options, stock index futures and stock index options all expire on the same day.  There is increased trading activity as traders close, roll out or offset their expiring positions, particularly in the final hour of trading. 

SQQQ is a daily targeted inverse ETF designed for short term high risk high reward gains if the Nasdaq 100 Index struggles.  This ETF is not suitable for a long term hold due to the compounding effects of time decay.

SQQQ expense ratio is 0.95% which is rather high. 

However buying SQQQ is lot easier than trading options.  It is also a great way to hedge my portfolio too. 

SQQQ is down 66% year todate compared to $Invesco QQQ Trust(QQQ)$ 

which is up 40% year todate. 

September is seasonally one of the worst months for the stock markets.  It looks like this September is no different.  

However September is a great time to bargain hunt for quality stocks to buy and hold long term.  That's what Warren Buffett likes to do - Buy when there is Fear in the markets and that's how he became a billionaire! 

@Daily_Discussion  @CaptainTiger  @MillionaireTiger  @Tiger_Earnings  @Tiger_comments  @Trend_Radar  

# 💰 Stocks to watch today?(19 July)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Guy
    ·2023-09-19
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    So SQQQ is best suited for short-term investors who have a strong bearish view on the Nasdaq 100 index,right?

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    • koolgal
      Best of luck 🍀🍀🍀🌈🌈🌈
      2023-09-19
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    • koolgal
      Thanks for sharing
      2023-09-19
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    • koolgal
      Yes you are absolutely right.
      2023-09-19
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  • AndreaClarissa
    ·2023-09-19
    TOP

    Yeah, it is a popular tool for the one who are bearish on the Nasdaq 100 index.

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    • koolgal
      Best of luck🍀🍀🍀🌈🌈🌈
      2023-09-19
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    • koolgal
      Thanks for sharing
      2023-09-19
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    • koolgal
      Yes I agree with you 😍😍😍
      2023-09-19
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  • AndreaClarissa
    ·2023-09-19
    TOP

    I think SQQQ is a complex and risky investment product.

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    • koolgal
      Best of luck 🍀🍀🍀🌈🌈🌈
      2023-09-19
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    • koolgal
      Thanks for sharing
      2023-09-19
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    • koolgal
      Caution is always good.
      2023-09-19
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  • 🙏4sharing
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    • koolgal
      My pleasure 😍😍😍
      2023-09-20
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