Buying $309K of TQQQ on margin Monday at market open. No real reason. Wish me luck.
I’m 26 with \~$400K invested. I’ve been DCA’ing since I was 21 — always boring, always consistent, always into something like XEQT. Broad market global ETF, set and forget, never touched anything crazy. That’s been me for 5 years.
Until Monday.
I’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 — which would put me just under halfway to $1M, my biggest milestone.
But it’s not just the money. That $80K flips me from Wealthsimple Premium to Generation — their top tier. Better perks, better features, and my margin rate drops from 4.45% to 3.95%.
And before someone asks — “why do you want a better margin rate if you said you’re done gambling?” — 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 don’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 I’m hoping it doesn’t stop before my sell triggers.
This is the first time I’ve ever done something like this. And if it works, I made a promise to God it’ll be the last. Back to XEQT and DCA forever. If it doesn’t — I might be completely wiped out. I know that. I’m 26 and I’m doing it anyway because I’m tired of the slow road when the goal feels this close.
WISH ME GOOD LUCK 😭😭😭