ProShares UltraPro QQQ ...........

M

md2324

I was wondering if someone could please shed some light , on what the ProShares UltraPro QQQ , as well as the ProShares UltraPro Short QQQ ETF's actually are, and the when and why behind a trader may want to look into trading them ?

I found them under the " Major " ETF's via CNBC.com website, and since they were paired with the DIA,SPY,RUT,QQQ,etc.
I figured they must be highly traded ( Volume wise ) and have a good bit of Liquidity to them as well

There was also one more ETF in the List that caught my Interest , and that is the " Direxion Daily Emerging Markets Bull 3X Shares "

I appreciate any insight and feedback fro other traders on these funds, and their significance ,
Thanks much - Michael
 
md2324 said:
I was wondering if someone could please shed some light , on what the ProShares UltraPro QQQ , as well as the ProShares UltraPro Short QQQ ETF's actually are, and the when and why behind a trader may want to look into trading them ?

I found them under the " Major " ETF's via CNBC.com website, and since they were paired with the DIA,SPY,RUT,QQQ,etc.
I figured they must be highly traded ( Volume wise ) and have a good bit of Liquidity to them as well

There was also one more ETF in the List that caught my Interest , and that is the " Direxion Daily Emerging Markets Bull 3X Shares "

I appreciate any insight and feedback fro other traders on these funds, and their significance ,
Thanks much - Michael
More...

They are leveraged plays on the QQQ... applicable for swing trading in any appropriate volume for your capital. More difficult to hold for the longer term due to costs to acquire leverage.
 
TQQQ is at historical highs up over 25% in under 2 weeks, it's had an incredible run but it's not an ETF I would buy now, if anything wait till it drops, it's had an incredible run not only the past 2 weeks but the last 4-5 years it's been nothing but straight up.
 
S2007S said:
TQQQ is at historical highs up over 25% in under 2 weeks, it's had an incredible run but it's not an ETF I would buy now, if anything wait till it drops, it's had an incredible run not only the past 2 weeks but the last 4-5 years it's been nothing but straight up.
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Uptrend = friend; but its such an old bull,more risk to downside,UP trend may get older.
Long term probably OK.Leveraged stuff is the worst; unless one is an experienced trader+ early in cycle.NOT early in cycle @ ALL

Plenty liquid;
looks like SPY+ its dividend took some of QQQ volume...............................................Have some charts of QQQQ or QQQ @ $30+/ but it went below $20-LOL Wisdom is profitable to direct
 
md2324 said:
I was wondering if someone could please shed some light , on what the ProShares UltraPro QQQ , as well as the ProShares UltraPro Short QQQ ETF's actually are, and the when and why behind a trader may want to look into trading them ?

I appreciate any insight and feedback fro other traders on these funds, and their significance ,
Thanks much - Michael
More...

These double/triple ETFs are valid for day trading. However, given the bull run since the '09 lows, the double longs have done incredibly well, SSO (for the S&P) and QLD (for the QQQ's). Both have recently split their shares 2 for 1, which makes them even more liquid.

Personally, I would avoid the triples like the plague!

Check out the headline...

"This Ultra ProShares ETF seeks a return that is 3x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks."
 
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