Bought QID for Protection

We bought the QID ETF for one of our stock portfolio's. This ETF is based off of the NASDAQ and will move twice the inverse of the index. We took a 10% position just to help offset any portfolio losses in case the NASDAQ market moves sharply down. We only plan to hold short term, with the intent to manage risk as the market finds it footing. If we lose money, that will be okay as that will likely mean our overall portfolio return is moving up in tandem with the rising market. Using inverse ETF's are an excellent way to diversify stock portfolios as they move in opposite directions to the market.