Inexplicably, SQQQ went down today - I guess I should hope for good earnings reports next time around. Only one thing to do...... DOUBLE DOWN! Kinda like Texas Hold em ...... I'm all in.
"I guess I should hope for good earnings reports next time around."
UM, WHAT?!?! You do know that SQQQ is an ETF right? There are no earnings! And if you meant 'earnings by companies on NASDAQ', then good earnings reports would hurt SQQQ since SQQQ is a short fund.
Although, I hope you did go all in, because November 7th has been very kind to this ETF.
Obviously I know SQQQ uses Nasdaq 100 swaps to short the nasdaq. I was referring to the day Amazon and Apple BOTH reported poor earnings and yet SQQQ went DOWN. Make sense to you? Didn't to me.....