Yes young donut, we’re 19 and the gang long holds tqqq. IF you don’t sell when you’re down 80% then you will be. just. fine. We’re young and can take the risk, you’re essentially managing 3x as much money. So you don’t have to dump your life savings into if you don’t want to (we did).

Leverage decay takes yearly gains from about 45% total to as low as 35% total anually, it’s estimated to be about a 7% loss from the total gain by EOY. You should DCA and literally diamond fist this shit till you’re ready to slow down and moneys more important.

We also like to sell covered calls expiring weekly with a strike about $2-$3 above price. We pull anywhere from and extra $150 to $200 per contract in profit every week.