Thoughts on $SQQQ and $BITI until for the next four months? - futures io
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Thoughts on $SQQQ and $BITI until for the next four months?


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Thoughts on $SQQQ and $BITI until for the next four months?

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  #1 (permalink)
stillwanttodoit
Toronto Canada
 
 
Posts: 8 since Mar 2022
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Good Afternoon,

Since we still have to raise the rates by a fair amount, I'm considering putting half my portfolio into SQQQ AND BITI ( inverse btc) and when it is up by 20% Sell ( or scale out)

I'm planning to hold for around four months.

What are the risks with this idea?


Thank you.

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 glennts 
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stillwanttodoit View Post

What are the risks with this idea?

The same as with any idea. You end up with less money than you started with.

"If you don't want random outcomes, don't make random decisions."
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 deaddog 
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stillwanttodoit View Post
Good Afternoon,

Since we still have to raise the rates by a fair amount, I'm considering putting half my portfolio into SQQQ AND BITI ( inverse btc) and when it is up by 20% Sell ( or scale out)

I'm planning to hold for around four months.

What are the risks with this idea?


Thank you.

You get to define the risks by where you put your stop.

I'd be careful of gaps over the weekends. Especially with crypto. One tweet from Elon or some scam being revealed can move the market significantly.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #4 (permalink)
HiLatencyTRDR HLT
Tallahassee
 
 
Posts: 296 since Dec 2018
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My thoughts are your question is extremely vague and lacking anything substantial as far information to have anyone ascertain the true risk of what you want to do outside of the fact that you believe the fed will keep raising rates.

1. Your age
2. Dependents number of them
3. What % of your total portfolio is thiS
4? It's leveraged so what is cash value % of portfolio
5. What will money be used for
6. Time horizon
And this is just a basic start.

As far as raising rates we have no one idea what will happen and that can all change

How much will you risk is this buy and hold even if it takes 11 years to get back to break even?

Is this just a speculative trade...to get good answers you must include lots of details in your questions.

Personally I like the tqqq right now

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  #5 (permalink)
kevinjd
Villa Gobernador Galvez , Santa Fe , Argentina
 
 
Posts: 6 since Jun 2020
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I though this some months ago but I noticed that both etf don't follow the move as they should do and there is still so much liquidity in the markets.
Sure when the market goes down is fast but they recover fast too (but slower than going down).
You will have to be so accurate to buy and sell to make a reasonable profit.
Of course if you have a good strategy and a good system of money management you will increase the probability of sucess but for me it isn't reasonable at least for now

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Last Updated on August 6, 2022


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