There is decay but decay isn't a problem if you're going long because NASDAQ and the other major indexes out pace whatever minor decay there are.
There are a lot of people holding tqqq long term and keep adding to it every time their are dips. I personally made money holding on long term but I do buy and sell 3x short term too.
Ten year average for tqqw is close to 30% but this guy made 103% in 4 years.
God Of Wealth(GOW) Trump recent move are times when 3x leverage like TQQQ should be utilized ....
Miss out the lowest when TQQQ was $36, too uncertain at that time to enter, started buying loads from $43 ..... keep adding all the way till $55 ....
Posted on 23rd apr i mentioned its a "Great Trump Sales", i am actively loading up, at that time, many expert here still seeing a downtrend and no lights at end of tunnel
Now at $70, starts doing sell call target price $75 to $78 ..... considering my average buying price is around $50, the premium return in term of percentage is pretty good even though my sell call target price is so far off even at $78
For now i am doing shorter sell call expiry, like 2 weeks or even 1 week , cos at this phase, GOW Trump will announce successful talks, or progress from the tariff and market will springboard .... and easily get called away, though its aredy big profit, but would still like to continue collect good premiums.
But i will let it get called away once TQQQ reaches $80 to $85, depending on the situation at that point of time.
Then wait for next oppurtunity to get back TQQQ again.
This is my way of making use of triple leverage product. See how it plays out from here ...
At around $40 plus TQQQ, i did post and mention to a fellow forumners in this thread to starts collecting TQQQ for lucrative option premiums ..... of cos at that time, people will call me eat medicine and ask Missy off WIFI ....
