SQQQ: Technical Analysis: Profit Taking
Knowning the gain distribution will help setup a realistic profit target. A trade is closed either becasue it reaches the profit target, or reaches the end of the holding period. It's generally a good practice to take profits at a few different levels if the tarde is large enough. Closing 25-50% of profitable position when the profit reaches 75% of the profit target.
Closing a trade for SQQQ at the best time of a day will realize more profit.
SQQQ price fluctuates 1.36% within a day, 3.36% (including gap-up and down) daily, and 8.09% weekly. 60% of trading days fluctuate 3% or more. 31% of trading days fluctuate 5% or more.
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