SQQQ Chads Report In
SQQQ Chads Report In
Austin Powell
William King
1200 @ $24. We’re gonna make it bros
Hudson Cook
no SQQQ but I'm balls deep in SPY puts
Dominic Hall
Uvxy call chad here
Sup
Michael Watson
Aiden Johnson
SQQQ to the moon
Zachary Sullivan
Godspeed, I don't think 13-20% is unreasonable. You will likely break even tomorrow. Question is, where to sell? I'm thinking around $24 here. I'm in at $20.80
Close enough.
Elijah Myers
I was able to afford 43, will I make it bros?
Christopher Nelson
Equally based
Henry Taylor
My limit is $30. I usually intraday but I don’t mind holding because this market is obviously fucked.
Cooper Bell
43 @ what price? I think you're going to make some fucking money my guy.
Jason Morales
This motherfucker was $32 a few weeks ago. What's the likelihood of hitting that mark again?
Dylan Scott
1k in SQQQ and 1.5k in TVIX good luck lads.
Cameron Cox
Fuck dude don't tempt me to hodl. I might have to hodl to 26 now.
Elijah Johnson
that's higher than most predictions here.
sorry pal.
god speed.
Noah Ramirez
Where are you in at on both? I made a lot of money on TVIX riding it up from $290 to $320 but got scared and sold. Kicking myself over that - I would be a very rich person if I had just held off for a few days.
Kayden Garcia
200 SQQQ @ $28 before everything went fucking weird, and im holding and waiting for the trainwreck from quarantine
im in the hole right now and i dont see any light but i know the sun will rise eventually
Gabriel Mitchell
Hedged my entire portfolio with puts on this bounce and VIX dip. Literally don't give a fuck what happens now.
Jack Jackson
That's kind of what I'm doing, I'm hedging my Exxon stock with SQQQ, probably going to have to find a better hedge pretty soon. I think oil will be depressed for longer, and a lot deeper, than the overall market. I will continue to scoop up Exxon shares in any case.
Hunter Cook
43@ 21.50, only had $1k. Is this shit seriously going back to the $10ks? Is it really this simple? They made a god damn movie about these exact fucking shorts.
Adam Green
about sqqq? whatchu talking bout willis
Aaron Ward
I have no fucking idea. This market is extremely volatile - in hindsight, I think TVIX would probably have been a smarter play (but let's not kid ourselves, they're both YOLO plays.)
Having said that, I don't think 15% gain by lunch tomorrow would be out of the question. I believe we're hitting breakers tomorrow, but I thought we'd hit breakers last week too.
Isaiah Robinson
I mean it’s obvious to me what’s happening, I think we have another solid 2-3 weeks before the bottom is in or it’s “priced in”. We haven’t even hit peak death rate yet.
Josiah Walker
True but I can't hold SQQQ for that long.
I should have bought some TVIX, fuck.
David Gonzalez
Are you talking about SQQQ? Max you could hope for is $100 at best...
Christian Carter
Oil is going straight to zero and below unless WW3 breaks out. Global trade is going to slow down for at least a decade, the largest user of oil is cargo tankers, plus the introduction of electrical vehicles and America's massive reserves means there's much less use for it unless it's for the tanks and bombers.
TVIX was first to move up, it'll be first to move down too
Elijah Peterson
Don't do all in. Wait until the market falls a bit to confirm that TVIX is a good purchase. Also I wouldn't recommend holding TVIX over night. Remember how the market would swing up over night? That causes TVIX to drop from 600 to 300 instantly. You're better off selling TVIX at night and then buying TVIX the next night before close when the market swings back up.
Ian Campbell
SQQQ isn't going back to 10k lmao
sell at 30
Michael Collins
>Oil is going straight to zero and below unless WW3 breaks out. Global trade is going to slow down for at least a decade, the largest user of oil is cargo tankers, plus the introduction of electrical vehicles and America's massive reserves means there's much less use for it unless it's for the tanks and bombers.
Not a single oil producer on earth can sustain below about $23-25/bbl. Not a single one. It's going to be low for a long time, but Exxon isn't going under, and neither are the other large caps other than possibly Marathon, whose debt/equity is high.
Exxon can go for years and years without even cutting its dividend at current prices. Until recently their debt was higher rated that the US Government's.
Anyway, yeah maybe TVIX wasn't so hot but I'm still kicking myself over not hodling and selling when it hit 325.
Easton Miller
Bag holding these ETFs is literally the best way to make/lose money. All the market movements happen in the last 30 minutes or in the first 5 minutes.
Christopher Brooks
>bought a bunch of TQQQ at $56 a share during the crash
I'll be fine in the long term, r-right?
Luis Hughes
Markets swinging up or down doesn't have anything to do with the VIX, its based on the price of SPX options. Big swings overnight would probably increase the VIX, regardless of the direction.
Matthew Stewart
y....yeah =]
Nathan Scott
Any other SQQQoldiers have input on where to set a sell limit? I am thinking below 30, I want to be conservative and say, sell @ 25 tomorrow at the absolute most. 25 would be a 20% increase from Friday's opening price, and 17% over close Friday. Is 25 even realistic for tomorrow? I guess the market would have to fall what, like 6% tomorrow to get me to 25? I think 6% is a bit "optimistic" for SQQQ in one day - might get out at 23-24.
If we have a "circuit breaker within 10 minutes of open" I'm definitely out.
Easton Hernandez
I guess if I was holding SQQQ right now I'd be thinking this is the peak of a dead cat or the middle of a W bottom and would sell or at least take profit when QQQ hit 170 again.
Aiden Kelly
B U M P
SQQQOLDIERS REPORT IN
Hudson Reyes
TVIX is at 404$ a share and I’ve lost 144$ on the SQQQ because I bought at 25$ a share. I started about two weeks ago with $5000 and it’s at $5600 now just by buying whatever random stock was getting shilled on this board
Isaac Hill
HODL
This shit is fo real yo
Luis Russell
Thanks - not unreasonable advice.
Did you take your losses on SQQQ? I don't think 25 is unreasonable tomorrow. I have a limit at 25 right now actually.
Michael Bell
I'm sorry that i have to ask this dumb question but is ProShares UltraPro Short QQQ ETF the thing you are referring to when talking about SQQQ ? And should i buy some when the market opens ?
Isaiah Smith
Yup - this'un
Gavin Price
I get day trading or even swing trading, but what sort of idiot would buy and hold a leveraged etf?
Tyler Ross
Thank you user
Gabriel Watson
jesus. please google shit next time.
the kind that if it weren't for jerome brrrr last week would have made 100+% gains faggot
Logan Johnson
I did take my losses on the SQQQ I’ve also taken real heavy losses on GUSH I’m just going to wait and see what happens with the oil war and pandemic.
Hudson Adams
bump LOL
Parker Fisher
511 at 25 ... When should i pull out?
Alexander Baker
unironically 25
Lincoln Bennett
If triple circut breaker then what?
Mason King
30 lol
Owen Wright
Then they try to printer brrrrrrrr right?
Nathan Flores
they unironically have to run out of paper and ink eventually.
Blake Perry
Yeah but then they buy more with the money they just printed.
It's like a perpetual motion device.
Michael Lee
the paper and ink will be worth more than the money they print.
Blake Foster
In at 24 doubled down at 19 and sold Friday at the bell for a small 1% or so loss. There have been some massive green dildos so be careful SQQQ bros
Anthony Collins
just don't fucking dance
screen cap
see you in 10 hours bobros
Robert Collins
what are you trying to say i'm confused
Nathan Adams
hodling 260 shares @ average price of $23
Josiah Campbell
nigga you'll break even and then some tomorrow.
Isaac Davis
>SPXU reporting in
Cameron Sullivan
Nope, heavy in SVXY and UPRO. Bottom was put in as much as you want to deny it. Way way way too many traders staying short as we head higher. Market will fully recover by Q3 and this will be called the Little Great Depression or something like that after jobs stabilize.
Justin Ward
Cocky bullniggers from last week are gonna learn their place. I can't believe they fell for the bulltrap.
Lincoln Flores
You are not supposed to hold SQQQ. There are so many bears this might be the actual bottom.
Ayden Campbell
Hodling 108 $27 average probably. I was fomo-ing while at work