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Gutsy Traders Make $1.5B Triple-Leveraged Bet on Nasdaq 100
- mortar 2y agohttps://archive.is/RTGXI https://archive.is/RTGXI
- abduhl 2y agoFor context: this article came out around noon eastern, when the market was delusionally optimistic. TQQQ closed down 13% from its noon price. It is down 18% from its noon price in after hours trading.
- paulpauper 2y agocrazy volatility
- henry2023 2y agoNow imagine buying options in TQQQ.
- deleted 2y ago[deleted]
- paulpauper 2y agoI think the popularity of these 3dx funds can in part be explained by higher margin costs due to higher interest rates. Retail traders have extremely unfavorable borrowing terms for margin accounts, whereas funds borrow at the much better prime rate. So buying a leveraged fund means taking advantage of these better borrowing terms.
- nly 2y agoInterest rates shouldn't be relevant when you're taking a position intraday or for a few days
- meltyness 2y agoThese are only exposed intra day, don't be dumb, reader.