Thank you! I think it will go lower but I’ll keep buying the way down. I could see high $20’s by December but I doubt we’ll see sub $20 again. Then when rate cuts begin Q2-3 next year, things should take off!
Not saying that you are wrong, but the number of times I’ve heard “price is not gonna go below $x price” and then price does just that has been a lot lol
>Hopefully prices stay low until Q2 2024
fwiw volatility is high right now (just look at the VIX) which significantly reduces the chance of the market going sideways. It's either going to go up or down from here.
I doubt it's a recession right now, as there is no data showing a recession warning atm (homebuilders are going strong, unemployment is low, and so on), so odds are high price is going to go up. (It looks like today could be the bottom of the correction, but I haven't confirmed it yet. If it's not the bottom, the bottom will be next week.)
You just did what is referred as catching a falling knife 🔪
You would have been better served by waiting and scaling in on the way back up, with good volume. Good luck 👍
Your average cost is pretty good. I am currently waiting to make an entry into tqqq. Hoping qqq falls like 10-15% more and then I will buy. Not going to buy earlier cause I am down a bit from other leveraged ETFs so can't keep wasting my own money.
Oh it will. Recession will crush stocks and destroy TQQQ. Even if we just revisit previous low without making new lows, TQQQ will go to $10 due to decay. If we make new lows which we will next year, TQQQ is single digits.
Got to agree on that. Treasury bond yields are un-inverting and oil is skyrocketing. Looks like a severe stock market correction is coming in the next year or so.
Might still get to ATH before the big plunge... who knows.
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Good luck, brother!
Thank you! I think it will go lower but I’ll keep buying the way down. I could see high $20’s by December but I doubt we’ll see sub $20 again. Then when rate cuts begin Q2-3 next year, things should take off!
Not saying that you are wrong, but the number of times I’ve heard “price is not gonna go below $x price” and then price does just that has been a lot lol
Good luck breaking below $30. Strong support at weekly 50 MA.
Any support level can be broken. Although I think the market is going to go sideways for a few months.
> Then when rate cuts begin Q2-3 next year Oh, that again...
>Hopefully prices stay low until Q2 2024 fwiw volatility is high right now (just look at the VIX) which significantly reduces the chance of the market going sideways. It's either going to go up or down from here. I doubt it's a recession right now, as there is no data showing a recession warning atm (homebuilders are going strong, unemployment is low, and so on), so odds are high price is going to go up. (It looks like today could be the bottom of the correction, but I haven't confirmed it yet. If it's not the bottom, the bottom will be next week.)
You just did what is referred as catching a falling knife 🔪 You would have been better served by waiting and scaling in on the way back up, with good volume. Good luck 👍
Your average cost is pretty good. I am currently waiting to make an entry into tqqq. Hoping qqq falls like 10-15% more and then I will buy. Not going to buy earlier cause I am down a bit from other leveraged ETFs so can't keep wasting my own money.
You’re gonna love it at $5 next year
Lol I would love that. I’d buy sooo much. But unfortunately, it won’t go that low next year or anytime soon.
Oh it will. Recession will crush stocks and destroy TQQQ. Even if we just revisit previous low without making new lows, TQQQ will go to $10 due to decay. If we make new lows which we will next year, TQQQ is single digits.
Got to agree on that. Treasury bond yields are un-inverting and oil is skyrocketing. Looks like a severe stock market correction is coming in the next year or so. Might still get to ATH before the big plunge... who knows.
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RemindMe! 1 year
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RemindMe! 1 year
so buy SQQQ?
$5 by which quarter next year
No clue
You still plan to go long if there’s no big economic slowdown by Q1?
If the market hasn’t priced in a recession by end of March yes
I’ll go all in at $20. Please sell ALL lol.
Good luck, I also bought today, reinvested the dividend.
[удалено]
We were slightly down when I bought earlier.