On the members forums an investor snatched up some shares of SQQQ ProShares UltraPro 3X Short NASDAQ 100 (SQQQ) late Friday (March 27) when the NASDAQ 100 was falling.
The next trading day (Mar 31 2020) however, the investor continued to hold them, only to watch the NASDAQ 100 recover and close higher. This meant the SQQQ shares from Friday are losing value.
So can this trade be repaired? Should the investor fold the trade and take a loss or hold the trade and hope it becomes profitable. Here are the questions from the investor and some potential answers.
The rest of this strategy article is for FullyInformed members.
Hold Or Fold – Problems With Ultra 3X ETF – Investor Questions
Members can sign in to the full members site here
Become a member. Join here, read comments, review benefits
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Please read the full disclaimer.