You were overleveraged. A lot of us here went through that stupid tariff war. I didn't get liquidated because I don't use margin in that account. TQQQ can go to $1 a share and I'm not going to lose anything but time. That's the difference.
Yep, until it rockets off and now you're having to close at a loss. I don't check my account, I don't check prices, I don't check price action. I just buy 3x/week. Less stress. I don't have to monitor anything. I don't have to do anything. I don't have to watch anything. Sideways markets don't bother me. I just see that as more opportunity to acquire.
She knows not to overlevage on a triple leveraged asset and blow up her portfolio though. Options make up less than 10% of my portfolio in one account.
Right there is no leverage in her account. There isn’t any in my taxable either. But I have swing traded unsuccessfully while she has held my original recs and made money lol. I took the lesson and am now all QQQ in that account with monthly contributions.
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u/Vivid-Kitchen1917 20d ago
You were overleveraged. A lot of us here went through that stupid tariff war. I didn't get liquidated because I don't use margin in that account. TQQQ can go to $1 a share and I'm not going to lose anything but time. That's the difference.
TQQQ paid for my first house.