What is the TQQQ ETF?
TQQQ is the symbol for Pro Shares UltraPro QQQ. The ETF seeks to return 3x the daily performance of the NASDAQ. So if the NASDAQ goes up 1% the ETF seeks to move by 3%.
How does TQQQ work?
TQQQ is a leveraged ETF. Leverage ETFs use financial derivatives, futures, and debt to amplify the returns of the index that it is trying to match. It can be a good choice for trending markets but might not do as well in swinging markets. It is a good way to get more leverage in your trading.
If you use ETFs in your trading system you might want to add TQQQ to your list of symbols.