2023 TQQQ Update: Can The ProShares UltraPro QQQ Stay Green?

[@40finance]

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[@newsystem3667]

I'm sitting at 630 shares and $23.95 cost basis currently, since the start of 2023 I have been accumulating cash and not adding any more shares, If we dip below $17 again I will buying again probably reach 2000+ shares otherwise I will keep accumulating cash.

[@RicardoHernandez-zr1pw]

I think I have more shares but my average is probably in the $70’s..

[@AJ-or5om]

You should be sitting pretty nice now on those 630 shares

[@newsystem3667]

@@AJ-or5om I checked today I'm up 88% however I have not added any new shares since my post and I have accumulated lots of cash, kinda wish I bought more when it was $16 haha.

[@vickvaswan971]

Do you have an excel you can share that was shown on the screen just now? Would love to get my hands on that excel sheet for someone who buys tqqq regularly as well just like you! Thanks! Do let me know if I can email you about it!

[@McG002]

Great day today! Still holding!

[@hanvision-4u]

SQQQ stock price and MACD (up) form a large bottom divergence. It indicates that SQQQ will have a greater possibility of going up. It is very likely to touch MA (20): around 33.81. But it cannot be achieved in a day. We will wait and see in the next few days.

[@BuceGar]

You really shouldn't be buying TQQQ or any triple leveraged ETF without regard to price. You should only be buying these types of ETFs after big downturns, or 52 week lows. I currently own FNGU, BULZ, WEBL, and SOXL, all triple leveraged ETFs, and I'm at breakeven right now because I bought in at the June/July 2022 downturn. Whenever the market actually recovers and has another bull run I'll be looking good, but you really do not want to buy into or own these if the market has been doing really well for an extended period. You can lose a MASSIVE amount of principle if you are holding these during a market crash. Buy low, decide on your sell price, and get out, OR set up a trailing stop-loss order and keep it current.

[@TheReal0necrown]

How about DCA…?

[@40finance]

Buy low is always the goal but it can work through cost basis management as well. Q4 of last year was a great time to buy TQQQ. Even today, the QQQ is $85 off its ATH. It will get back there at some point.

[@McG002]

​@@40finance Great call.

[@kaushikpatel2975]

40 Finance...you missed the BUS!....understand you are under water to do cover call...but...you should had started at same time when you bought the TQQQ...I mean you should had started selling covered call and had bought couple of points OTM PUT...that would had saved you..tons of monies and you will be able to sell the covered calls as of today.

[@40finance]

Definitely missed an opportunity. Still grinding though. I'll get back to par this year.

[@RicardoHernandez-zr1pw]

You have a great average!

[@citizenm9590]

When would you sell your TQQQ in the future?

[@40finance]

Not sure TBH. First I need to get into the green lol.

[@citizenm9590]

@@40finance i hear you lot of us are still in the red your not alone lol. Do you think the market have bottomed out?

[@RicardoHernandez-zr1pw]

I’m selling once I break even. I’m down too much on these leveraged ETFs.