Is SQQQ 3x leveraged?
I'm wondering if SQQQ is a 3x Leveraged product. I need to know the level of leverage this particular instrument provides to make informed decisions about my investments.
Can I hold SQQQ overnight?
I'm curious, can you elaborate on the risks and benefits of holding SQQQ overnight? As an investor, I understand that this ETF is designed to provide inverse exposure to the performance of the NASDAQ-100 Index. But I'm wondering if holding it overnight could expose me to unexpected market moves or additional costs that I should be aware of. Is there a specific strategy or recommendation for when it's best to hold SQQQ or when it might be wiser to avoid it? Thank you for your insights.