Trade Alert: Add a Tactical Hedge Position in SQQQ
As a quick reminder of our mission here at 10X Stocks: We’re building a portfolio of long-stock positions, each of which has the potential to return 10X or more over a multiyear holding period. We began building the portfolio last June — we’re only a year in and we’ve already seen three of our positions generate 100% or greater profits! That, to me, is clear indication that we’re on the right track. Our commitment to putting new capital to work throughout the bear market is already paying off … and I’m confident it will continue to pay off in spades once a new, sustainable bull market really stretches its legs. That said, the 2023 stock rally has been blistering hot. It certainly hasn’t been a “lift all boats” type of rally. But a select handful of individual stocks — particularly ones in the tech-heavy Nasdaq 100 index — have generated year-to-date returns that don’t seem sustainable.
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