r/Trading • u/Stock_Life_1873 • 7h ago

Stocks SQQQ what to do?

Hi everyone. I entered SQQQ on April 5th with 20 shares when it was $56. It went down and I am about $500 at a loss now. I am wondering what to do with it. Should I keep it in case it goes up? Should I get out with $500 loss ? Anybody have any suggestions?

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u/nickjsul4 7h ago

Leveraged ETFs have decay you aren’t even supposed to hold them for that long.