Since the first day I identified the QQQ short term up-trend on June 29, the QQQ has advanced 4.1%. During the same period, QLD has advanced +7.9%, TYH +13.5%, and TQQQ +12%. In comparison, just 5% of the Nasdaq 100 stocks rose more than 12% and only 2.4% of the S&P500 stocks did so. Yet again, I learn that by simply buying these leveraged ETF’s and riding the up-trend I would have done much better than trying to pick individual stocks.
Dr. Wish,
how long did it take you to make money consistently on the market?
Thanks
Carlos
Back on 6/30 you said you like to wait five days to verify a trend is legit. TQQQ rose 11% in those five days, the majority of the 12% gain you reference. Even with a long term moving avg (200 day) it would have created a whipsaw.