Day 24 of $QQQ short term up-trend; outline of my AAII presentation last weekend

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Since the first day of the new QQQ short term up-trend, QQQ is up +5.86%, TQQQ is up + 18.19%. Only 3 Nasdaq 100 stocks (WDC, MU, SYMC) have outperformed TQQQ. Rather than trying to identify in advance the rare stocks that beat TQQQ in an up-trend, I just buy TQQQ. Below is the hand out from my AAII presentation last weekend. It is an outline of my talk. The focus was a conservative strategy for older persons and trades index ETFs rather than individual stocks. Most of the terms here are defined in my blog’s glossary. These are my rules and are not advice but are provided for educational purposes only. Everyone needs a set of rules.

 

 

 

 

 

4 thoughts on “Day 24 of $QQQ short term up-trend; outline of my AAII presentation last weekend”

  1. Yes, thanks much for the outline.

    In an earlier post, you discussed the value of the weekly RWB chart. For example, the weekly chart would have prevented many daily RWB SPY whipsaws in 2018. Could you tell me your thoughts on the relative merits of the daily and weekly RWB charts?

  2. Always great advise! Question How do you decide when to add more to your TQQQ position during prevailing trend? You mentioned pyramiding up and I like to know how you decide to add. Thanks

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