Why wouldn't he? The thing can jump 1% in either direction in a few minutes. What is not to love about that volatility? Pick you direction and hang on!
Yeah. Some. I've done it before. Some of that TQQQ I have held since November. I'll be selling all or most when it gets back up to $112 I think. I might change my mind, but nobody else will change it for me. I am definitely not an all talk and no action guy. There's no profit in that. Probably not even very much fun. My action might be kinda small but it's there, you can be sure of that.
Gained 4% in one hour this afternoon. I find it one of the most interesting ETFs to trade or even to hold. As long as you drop it when it starts looking like a top reversal. It's diversified. It's leveraged. It's liquid and it can be very volatile.
Ok more then two months in on this top call thread. Let's see what's transpired. SPX +3.9%, QQQ -0.9%, IWM +6.2% ( TZA -24.5 % )
Yeah I was off with the top call, I'm not perfect. At least my short TSLA 794 cover 550 call was epic. Re inverses I don't hold more than a few days, I often daytrade them. Eg I traded the late afternoon spike in UVXY Friday, selling nr 6.3, then rebought shares at the close/lod for weekend hold.