I Am Using QID To Hedge Possible Big Tech Rout Into October
Big Tech's horrible breadth participation and falling number of new highs in August may signal a corrective phase for price, going into the seasonally weak early autumn period of trading. Rising recession odds and a fading AI mania make ProShares UltraShort QQQ an attractive hedge for tech-heavy portfolios. QID offers 2x leveraged downside protection without triggering capital gains on tech winners but comes with time-decay expense and high fees when holding for longer periods.
QID: Sensible Trading Tool, Not A Hold, On Nasdaq
QID is a daily trading tool, not a buy and hold investment. The costs as a trading tool are fairly small given liquidity and the spread. The question is whether we want to be trading this specific market - if we do, QID is a useful tool.
QID: Leveraged Short QQQ ETF On Verge Of Busting Out
ProShares UltraShort QQQ aims to achieve -2x the daily performance of the Nasdaq-100 Index through derivatives like futures and swaps. The fund targets large-cap companies across various sectors, including technology, healthcare, and consumer staples. Launched in 2006, the ETF is non-diversified and focuses on both growth and value stocks.
