Since the first day of the QQQ short term up-trend on October 14, QQQ has advanced +11.3%, SPY is up +8.8%, and TQQQ is up +36.3%. AAPL is up +24.5%. Only 4 of the NASADQ 100 stocks did better than TQQQ: TSLA, AMD, SWKS and SGEN. I assert it is a better bet to buy TQQQ in a new QQQ short term up-trend rather than trying to pick in advance the rare individual stock that will outperform TQQQ.
That makes sense to me. I have certainly been looking at this as a trading vehicle.
Dear Dr.Wish, I have followed this strategy for 20% of my portfolio and has been very successful.
I am curious about the exit rules though. When do you exit?
When the knife falls, this one falls the fastest.