What are Leveraged ETF's: SPXL, TQQQ and SQQQ and How do we Trade Them?
The market is selling off hard as I am writing this newsletter. I was expecting a sell off today and wanted to short the market, especially the QQQ and tech sector. The SPY is also selling off and as Ardi believes, it will go down to $330.
In the chatroom today, I shorted the market heavily by going long the leveraged ETF called the SQQQ; it was a great trade! I then traded a bounce on the SPY with another leveraged ETF called SPXL. These leveraged products are awesome, if you trade them properly, of course!
I made a recap of how I trade these leveraged ETF's and how you should treat them on daily and intraday charts.
Be sure to watch the recap here and I hope that you enjoy it and learn from it. If you have any questions, be sure to leave a comment on the video!
To your success,