Understanding leveraged ETF SQQQ and making profit
SQQQ (ProShares UltraPro Short QQQ) is a 3x leveraged inverse ETF that seeks to deliver three times the inverse (-3x) daily performance of the Nasdaq-100 Index. This ETF is designed primarily for short-term traders looking to profit from declines in large-cap, tech-heavy companies. Here’s a detailed look at how SQQQ works, its benefits and risks,…
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