SQQQ Long

Although I won't be adding this, a few of you have asked about it, this is the QQQ/NASDAQ 100 3x leveraged short ETF.

At these levels decent stops aren't far away, but I would never put a stop right at an obvious level like resistance/support, a whole number, near a 50, 100 or 200 day moving average or any other obvious price level or price pattern.

I prefer taking on fewer shares in order to have a wider stop on initial positions, you can always add once the trade is working for you.