Kim Bolton
ProShares UltraPro Short QQQ
SQQQ-Q
TRADE
Aug 28, 2024
He uses the QQQ in 2 ways -- for trading and for hedging. The SQQQ is a short on the QQQ -- useful for Canadian platforms that don't allow you to get into futures and options on futures.
SQQQ is triple leveraged while PSQ is a single leveraged. If you understand the leverage, SQQQ could be a way to leverage for the downside, but he would not recommend it. PSQ is a single inverse relationship that is one-to-one.
He uses the QQQ in 2 ways -- for trading and for hedging. The SQQQ is a short on the QQQ -- useful for Canadian platforms that don't allow you to get into futures and options on futures.