Does SQQQ decay too quickly to buy now if I am predicting a Q4 2023 bottom?

[GeorgeFloyd]

title

[SimplyFlacid]

Your gonna have to buy shares like an old cuck

[BuckNakedinBama]

Decays too fast to hold that fast, buy for short bursts

[Fewski]

How does the SQQQ & TQQQ (I'm assuming SDOW & UPRO as well) work with decay? It's not like every day they reset to the same number. How does the decay work? Until recently when I heard about the decay, I thought they would just move with the same pricing depending on what the indexes do -- IE: If QQQ was 281 and SQQQ was at $47.50 now then if it were to move in either direction, then come back to 281, then SQQQ would be at $47.50 again. Apparently, this isn't the case. Anyone care to do a quick explanation? Thanks..

[BuckNakedinBama]

How does the SQQQ & TQQQ (I'm assuming SDOW & UPRO as well) work with decay? It's not like every day they reset to the same number. How does the decay work? Until recently when I heard about the decay, I thought they would just move with the same pricing depending on what the indexes do -- IE: If QQQ was 281 and SQQQ was at $47.50 now then if it were to move in either direction, then come back to 281, then SQQQ would be at $47.50 again. Apparently, this isn't the case. Anyone care to do a quick explanation? Thanks..

Leverage costs money. The cost of leverage is a constant downward pressure.

[Dual]

If youre so sure when the bottom is, then just wait for the bottom to come, and buy calls/long stock. Its much less riskier and allows you to hold long-term and recover, even if you're wrong.