Trade Detail

huynguyen5's SQQQ Trade 661.61

Trade Details

Published: April 10, 2023, 10:19 p.m.

Status: CLOSED

Portfolio(s): Fidelity IRA,

Broker: Fidelity

Asset: Stock

Symbol: SQQQ - View rating

Type: Long

Pattern(s): Sell all,

Featured Image / Proof

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Stats

Entry CPU	Exit CPU	Fees	Max Amount	Max Cost	P&L %	P&L $	P&L With Fees
-31.505	0.0	0.0	21.0	-661.605	0.00%	661.61	661.61

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Notes

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.