Be happy that you are not in TQQQ

---

Does anyone here own shares? I do! TQQQ baby Slowly selling that off and buying QLD

---

Today is a day for fun gambling, honestly. FOMC volatility is always fun for the hundred bucks you got burning in your pocket. Keeping my long positions 2x NVDA CSP 190 12/12, 100 shares TQQQ / 50 shares SPXL waiting for that JPOW dip to buy a 0dte spx call

---

I'm by no means a professional trader, but it really sounds like your plan is to take on even more risk. SPXL and TQQQ can be just as risky as trading options. It might work during a bull market, but can destroy you during a bear market. Hedging most likely won't save you either as there's no perfect hedge, as far as I'm aware. The systems that seem to work long-term tend to be slow and boring with very strict risk management, not more leverage. So I hope the biggest lesson you learned was related to risk management.

---

against the advice of many, I chose to engage in the learning process with my own money rather than paper trading. Doing my best to build a system that I can rely on for years to come, as opposed to just yolo gambling. Im too young for this head of gray hair I have. The money lost isnt necessarily the issue, its the lack of a system. I think i've found a little strategy that works, so im trying to consistently rock it. Honestly swing trading SPXL and TQQQ is just as fruitful as trading options, with less risk. leaning into that + CSP sales on stocks I like. Might take longer to earn back than it took to lose, but I want to create a consistent source of money here. edit: yes its liquid

---

A little responsible leverage is fine. With leaps or TQQQ etc. But you're asking for trouble using significant margin near ATHs. That's how you lose everything with a black swan.

---

Tqqq back to 60?

---

Any reason not to just fullport tqqq? Genuinely doesn't even seem crazy risky. Like, high but not absurdly high risk and massive generational reward. Or i guess qqq deep itm leaps are even safer.

---

This is what I did. I made a TQQQ trade in 2022 when it dipped a little and bag held -80% at the lowest point on Oct 14th 2022, but it came back and then some. I sold for a profit and have since sworn to be a lot more careful, and pay attention to the Fed before jumping back in.

---

Any index etf that is at an all time high proves you can hold and make money. Trade the dips, and when you're wrong, don't sell, just hold and wait. You'll eventually go green again. Granted, you won't make money like in the SMX run this week, but you won't lose either. Study a 50 year SPY or QQQ chart, it's dips, and trade UPRO or TQQQ. See how that works. But don't quit. Follow your rules. Remember, in every 1000% small cap runner, there's lots of losers and bag holders. So stay out.

---