Robinhooders Discover 3x Levered ETFs

Discussion in 'Wall St. News' started by Bugsy, Sep 14, 2020.

  1. Bugsy

  2. I wonder how many of them understand that you are not supposed to hold them over a couple of days?
    KCalhoun likes this.
  3. Before you know it alot of them will be getting that lesson
  4. shatteredx


    I wonder if we will ever see a 33% drop to wipe out these 3x funds?


    TQQQ is up 40% YTD despite the volatility.
  5. Nobert


    Laughs. Dat Title.

    (Columbus lands in America)
    Last edited: Sep 14, 2020
  6. KenC is pretty dam good trading them!
  7. Here4money


    Amatrue likes this.
  8. Actually, if you are in a low vol environment with a some auto correlation, long term holds can work very well.

    These products do terrible on an underlying that is volatile and doesn't trend. UNG and it's 3x leveraged ETN's were a great example of that.

    On the flip side, in 2017 (low vol, trending environment for equities) SPY was up 20% while UPRO was up 73%. That is 3.6x what the underlying did.
    shatteredx, Atikon, Axon and 3 others like this.
  9. Buy1Sell2


    Not sure I understand your thinking here---
  10. HAHAHAHA I wish I had filled the boat in April with TQQQ! I would be sitting fat dumb and happy right now! It was a friggin escalator!
    #10     Sep 14, 2020