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Inverse Picks to Mitigate Portfolio
I currently have 15 non-inverse stocks in my portfolio. Anticipating large dramatic downside of the market, I am trying to determine how many shares of SQQQ (or possibly another inverse pick), I need to buy to mitigate my existing stocks. I am trying to essentially stay even with my portfolio. I was looking at price, ATR, and number of shares to try to determine how much SQQQ I should buy. Is there a calculation to best determine how much SQQQ I should buy to accomplish this ?