Retail Traders Defy 'Dumb Money' Label With TQQQ Profits
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The supposedly dumb money trading leveraged ETFs may know exactly what it's doing. TQQQ -- a 3x Nasdaq-100 ETF designed to provide daily leverage -- has returned roughly 41,000% since its 2010 launch. Even better, retail traders have played it like a fiddle: piling in after declines and taking profits after rallies.
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