[klodolph]

QQQ gets the leverage from, among other things, swap agreements and futures. I don’t think what you have could be reasonably considered “pseudo-QQQ”. It’s like copying a cake recipe, but leaving out the flour and eggs because they are too expensive.

[tombert]

Even given that, I don't see any reason I couldn't also just mimic what QQQ does with the MCP.

[klodolph]

Real question, where are you going to buy the swap agreements?

[tombert]

If you're asking about the average person, no.

I am in the "false confidence" stage of Dunning Kruger Syndrome for finance stuff, so I personally would do swap agreements, but I'm not an average case.

[klodolph]

I realize I might have been mixing up QQQ with ultra pro QQQ… anyway, yeah, you can replicate QQQ. I was thinking of Ultra Pro QQQ.

[tombert]

I mean, even still, my point stays the same; if you have access to their strategies, I don't see why you can't just get the MCP to directly mimic that.

[klodolph]

Because it is not possible for you (personally) to buy the underlying components of leveraged ETFs.