Markets like this are the exact reason why you shouldn't have 100% of your portfolio in TQQQ.
$ProShares UltraPro QQQ ETF(TQQQ.US$ I saw a post earlier that justifying 100% portfolio in TQQQ. TQQQ has been back tested for Dot com bubble. It would have taken 2 decades to get your original investment back if you bought at the peak of Dot com bubble.
Leveraged ETS work when there is Euphoria, but it can literally wipe you out if you don't understand its Risk and don't have a proper Risk management plan in place.
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Dabria : 100% in anything is a bad idea. But if you freak out over this drop then leverage in general is not for you. I have upro atm leaps. In a single day I’m down 20% from the highs and not phased at all- thats expected sometimes.
wzzmrr : If TQQQ goes back to 120s again, I will 100% in.