During the recent 59 day up-trend (5/26-8/18), QQQ rose 8.4%, SPY rose 4.8% and DIA rose 2% but TQQQ rose 26.3%, beating 90% of the Nasdaq100 stocks and 95% of S&P500 stocks. That is why when a new QQQ short term up-trend begins I slowly accumulate TQQQ. By the way, TNA declined -13.3%.
Thanks for sharing your methods. I can relate to you risk adverse nature but it seems to me that at some point one can be too cautious and results and even risk can worsen. Can you share more details about what % you deploy at the beginning of a short-term uptrend? It seems to me that deploying 100% at first and risking a short term loss would result in better returns in the long run. Thanks again for the work you share.
Thank you for an informative website!
What % invested are you now, after having gone to cash on 8/18?
I have learned so much from you. Thank you for providing a simple but effective setup for investing in the Q’s. I understand the basis for your straight forward setup but I do have questions about how to proceed going forward from D1. I’m so grateful for your cautious approach. Therefore, I would like to know more about how you “pyramid” your buys, and how you employ stops along the way. With $10K as a hypothetical TQQQ trading account balance what amount would you designate as a starter position, and how would you slowly deploy the remaining funds to arrive at a full position? Regarding stops, you recommended placing a GTC stop just below the bounce. Do you leave this stop in place or do you keep adjusting it to correlate with the changing stock price?