Trading--Leveraged Equity
ProShares UltraPro QQQ
TQQQ$80.10+1.50%
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About ProShares UltraPro QQQ
TQQQ is a leveraged ETF that aims to return 3x the daily performance of the Nasdaq-100. If QQQ goes up 1% in a day, TQQQ tries to go up 3%. But it works in reverse too. This is a short-term trading tool, not a long-term investment. Holding it for months can lead to unexpected losses due to daily compounding.
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