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2,958.8 standard & poor's 500

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michaelhaley

2,402 Posts.

359

06/08/20

16:08

Post #: 46353514
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Originally posted by drbrooks: ↑

From Google - don't know if its correct or not.
"Here's how TQQQ works: if the Nasdaq 100 Index rises 1%, TQQQ will generally rise 3%, and vice versa. On the other hand, SQQQ is a leveraged inverse ETF and aims to provide three times the inverse of the Nasdaq 100 Index's daily performance."

Or you could just use (insanely geared) CFDs, select your chosen index, flip a coin, read the tea leaves, perform whatever voodoo works for you and then decide to go long or short. Or have a punt each way and play it both ways where the volatility is consistent.

I'm not recommending any of this - when it goes the right way it is a wonder - a thing of great joy and beauty but when it goes the wrong way it can be ruinous.

My apologies for mentioning all this in a BBUS thread but there doesn't seem to be a separate relevant thread and in any event I think its relevant to the theme being discussed.

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Thank you for your time Dr Brooks.

I'm taking a short trip on the GGUS train, hopefully hear an announcement ref second stim package before month long adjournment, if not Trump said he will take matters into his own hands. Reflecting from Aust announcement of extension of job-keeper etc it was significant uplift in market confidence.

Value at posting: 2,958.8
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