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    Buying $309K of TQQQ on margin Monday at market open. No real reason. Wish me luck.

    Iā€™m 26 with \~$400K invested. Iā€™ve been DCAā€™ing since I was 21 ā€” always boring, always consistent, always into something like XEQT. Broad market global ETF, set and forget, never touched anything crazy. Thatā€™s been me for 5 years.
    Until Monday.
    Iā€™m throwing $309K in margin at TQQQ at \~$38.95 CAD with an automatic sell set around $49.05. The goal is to net \~$80K profit ā€” which would put me just under halfway to $1M, my biggest milestone.
    But itā€™s not just the money. That $80K flips me from Wealthsimple Premium to Generation ā€” their top tier. Better perks, better features, and my margin rate drops from 4.45% to 3.95%.
    And before someone asks ā€” ā€œwhy do you want a better margin rate if you said youā€™re done gambling?ā€ ā€” fair question. After this I still plan to use margin for long term investing. Boring, responsible, slow leverage on my normal positions. Not gambling. The better rate genuinely matters for that. I just donā€™t want to be doing anything like THIS ever again.
    My reasoning for the actual trade? Absolutely nothing. Zero. TQQQ has been running like crazy and Iā€™m hoping it doesnā€™t stop before my sell triggers.
    This is the first time Iā€™ve ever done something like this. And if it works, I made a promise to God itā€™ll be the last. Back to XEQT and DCA forever. If it doesnā€™t ā€” I might be completely wiped out. I know that. Iā€™m 26 and Iā€™m doing it anyway because Iā€™m tired of the slow road when the goal feels this close.

    WISH ME GOOD LUCK šŸ˜­šŸ˜­šŸ˜­

    Buying $309K of TQQQ on margin Monday at market open. No real reason. Wish me luck.
    by inwallstreetbets



    Posted by DiegoRiviera

    28 Comments

    5. AlchemistJeep on

      Very bold choice when Iran is threatening internet cables when theyā€™re supposed to be agreeing to a peace deal

    11. IAmAGuy on

      Im past the mil mark, but I have been thinking of throwing a chunk on a gamble like this. Speed up the process. Iā€™ve been playing the long game and Iā€™m bored too.

      Good luck bro.

    12. taconomtaco on

      thought we were reaching the market top since SPY is now RSI 80. this just might be the confirmation lel

    14. YoshimuraPipe on

      People who stay in the long run doing BORING stuff are the ones who make the most money consistently. You want fun and games? Prepare to blow up your account. First itā€™s marginsā€¦then optionsā€¦then the loss porn.

    16. Lucky-Football-8791 on

      Bro you’re literally betting your entire portfolio on TQQQ momentum with zero DD and calling it investment strategy šŸ’€

      This is either gonna age like fine wine or become legendary loss porn for the rest of us to enjoy. Either way respect for the balls but man… going from 5 years of disciplined DCA to YOLO margin play because you want better Wealthsimple perks is wild even by WSB standards šŸ˜‚

      Good luck though, may the tendies be with you Monday

    17. Shot-Ground-9898 on

      Have you looked at qqq chart? You better put a stop loss boy before the market does one on youĀ 

    18. DiegoRiviera on

      If it doesnā€™t go thru I donā€™t know how Iā€™ll go to work in the morning knowing all my life savings are done

    22. ouncez on

      Are you even sure that your broker will let you use that much margin on TQQQ?

    24. balancedchaos on

      So…okay. These leveraged ETFs are actually GREAT when used strategically.Ā Ā 

      Buy them at low RSI (I prefer 25 maximum) on a daily chart lower bollinger band pierce? Good chance you’re about to catch the reversion to the mean…soon, if not immediately.Ā Ā 

      Buy it at an ath at 80 RSI?Ā  Well, you’re about to meet your new friend Decay.Ā Ā 

    26. _TheDarkling_ on

      If you want 80k wouldnā€™t it make more sense to risk 20-30k on the biggest movers in the NQ with LEAP options than to yolo the full 400k? Not investment advice but just wondering why you think making 80k by risking 400k is a good idea

    27. guywastingtime on

      lol youā€™ve already won and your going to gamble it away? Are you mentally prepared for that?

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