huynguyen5's SQQQ Trade +$661.61
Trade Details
Performance Metrics
| Entry CPU | Exit CPU | Fees | Max Amount | Max Cost | P&L % | P&L $ |
|---|---|---|---|---|---|---|
| -31.51 | 0.00 | $0.00 | 21.0 | $-661.61 | 0.00% | $661.61 |
Transactions
1 entries| Date | Side | Amount | Price | Commission | Reg Fee |
|---|---|---|---|---|---|
| Apr 10, 2023 22:10:01 | Entry | 21.0 | $-31.51 | $0.00 | $0.00 |
Featured Image / Proof
No featured image uploaded for this trade
Auto-generated Chart BETA
Unlock with ProNotes
Sell all SQQQ (ProShares UltraPro Short QQQ) $31.505/share 21 shares $661.60
SQQQ is an inverse-leveraged exchange-traded fund (ETF) that tracks the Nasdaq-100 Index. This means that it seeks to provide three times the inverse daily performance of the Nasdaq-100, which is a stock market index that tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq stock exchange.
In other words, if the Nasdaq-100 goes up by 1%, SQQQ will go down by 3%. And if the Nasdaq-100 goes down by 1%, SQQQ will go up by 3%.
SQQQ is a very risky investment, and it is not suitable for most investors. It is designed for short-term trading, and it should not be held for long periods of time.
I sell all 21 shares of SQQQ because if I hold SQQQ long term then it has the risk of decay.