Sell or hodl at $50?
nice little run starting, avg cost is 45.
planning to sell at 50 unless there is a larger play to hodl…
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considerate isopod : Hi first post! I'm new to this so happy to be corrected, but here's my understanding.
Realize that 50 today is not 50 yesterday. SQQQ adjusts daily and the tracking mechanism is highly nonlinear.
SQQQ manages about 5B in assets. let's say the price of SQQQ goes up one percent. Are there 1% more assets? No, the puts pull in some value but not nearly 1%. So the price of SQQQ has to equalize lower in the future.
I don't know how to pull in an all time price chart of SQQQ but look it up. notice the exponential decay. SQQQ _will_ trend to zero in the long term. The game you play is to have your value go up while the price trends down.
That said, no financial advice, but my strategy is to model the global economy, find the systemicism, and go in short. I'm prolly still buying at 50.