Bloomberg ETF analyst says Degen traders capitalize on TQQQ by buying low and selling high

Odaily Planet Daily News Bloomberg ETF analyst Eric Balchunas posted on X platform, stating that Degen traders treat TQQQ like an ATM, consistently buying low and generating inflows, then selling high and generating outflows, shattering the "dumb money" label. If TQQQ were a casino, they might be banned for winning too much. This situation also exists in SOXL and other similar products, which helps explain their popularity.