No. of Recommendations: 11
Actually, I have SSO and TQQQ and have for quite some time. They are all showing a profit.
Round about now might be a good time to grab some.
In Sept I bought some UTSL (3X XLU).
Problem with all of these is sizing. You probably don't want to put a lot of money into these, but if you only put a small amount in, what's the point? Even if it doubles, 2 times small is still small.
Is this near a bottom? Probably. Possibly. But who knows? None of the timing signals I watch have said to sell.
OTOH, I imagine that lots of people are looking closely at tax-loss harvesting for the next few weeks. If so, that might drag the market lower. But also, people might be looking to grab some of the good stocks that just got (unfairly) squashed. Look at AMD.
At one point this year I was up 24.6% YTD when SPY was up 7.4% and ACWI up 9.0%
Now I'm up 12%, with SPY +10.7% and ACWI +10.3%.
Wild ride!
