SQQQ - Leveraging Nasdaq Declines [Seeking Alpha]
ProShares Ultra Nasdaq Biotechnology (BIB)
Company Research
Source: Seeking Alpha
SQQQ - Leveraging Nasdaq Declines Summary SQQQ is a 3x leveraged short play on the Nasdaq. Pros and cons of the ETF and how compounding can work both ways. Introducing a method for timing entries and exits. The ProShares UltraPro Short QQQ ETF ( Clearly this is a volatile fund, and one that has very specific uses. In this article I will look at some of its pros and cons, and how I plan on using it to capitalize on the next downturn in Tech stocks. Fund Basics As per the Proshares website ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index®. This sounds simple enough, and it is over the course of one day. But as the fund is both leveraged and inverse, it can decay over longer or volatile periods due to daily re-balancing and the effects of compounding. This is quite a complicated concept worthy of an article in itself and is covered at length on the Sourc
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