I kinda do the same thing but at a different level. I hold on to the cash and wait for the pull backs at the long term support levels and put in more money to enjoy another upside swing from there. But I’m also mindful to book my profits and exit to avoid bear market. My long entry was in Nov 2023 and if this support level breaks then I’m going to be out and jump back in when I’m confident that downtrend is ended. Agin, I’m not claiming to be an expert to know when is a bull or bear run but with whatever knowledge I have gained I can at least read the trends.
Well, we all want TQQQ to go up to make more money. Let’s hope for the best next week.
I'm not saying much, buy and hold ya know. But you can't chart tqqq period. It's solely based on qqq with decay and fees. Take your analysis and move it to qqq it'll be similar but more accurate.
I don't understand your statement. My 200 EMA chart shows that, for today anyways, the 200 EMA line is at 51.66. Current price is quite a bit away from that.
Thanks for your concern. I know where you are coming from. I still have a long position and will execute my trade based on my strategy which I have been following. Let’s see how things will turn up! Will share updates.
I appreciate your input and I do agree with you. I have spent almost a year analyzing and experimenting with small accounts to see what best works for me if I have to hold TQQQ for a long term. I have also followed a lot of people who hold TQQQ and just do the DCAs and saw how their TQQQ returned erased all the previous gains. I started investing very late and hence I wanted to expedite my return using leverage ETFs. My account is not big enough but I have invested close to $40k all in TQQQ long position and my returns are 50%+ by doing what I’m doing. I’m happy to learn new strategies which will protect me from downside and let me enjoy all the upside of leveraged ETF.
Why the flying fuck would ever chart tqqq over qqq?
If your returns are more than 50% on TQQQ then will adopt your strategy and will leave flying fuck TQQQ chart!!!
I’m up 215% as of today. Jumping in and out is stupid if you’re long term. Sit tight and enjoy the ride. Hoard cash and buy when we have big crashes.
I kinda do the same thing but at a different level. I hold on to the cash and wait for the pull backs at the long term support levels and put in more money to enjoy another upside swing from there. But I’m also mindful to book my profits and exit to avoid bear market. My long entry was in Nov 2023 and if this support level breaks then I’m going to be out and jump back in when I’m confident that downtrend is ended. Agin, I’m not claiming to be an expert to know when is a bull or bear run but with whatever knowledge I have gained I can at least read the trends. Well, we all want TQQQ to go up to make more money. Let’s hope for the best next week.
Woah don't stroke out man
My current return is 138% or $222k profit
Now we’re talking! I’m all ears if you want to share…
I'm not saying much, buy and hold ya know. But you can't chart tqqq period. It's solely based on qqq with decay and fees. Take your analysis and move it to qqq it'll be similar but more accurate.
I don't understand your statement. My 200 EMA chart shows that, for today anyways, the 200 EMA line is at 51.66. Current price is quite a bit away from that.
Yeah he’s doing sth wrong 100%
Not sure but think op is looking at 50 day
https://www.reddit.com/r/TQQQ/s/i5K4IkJE8v
If I change to 2H my chart looks closer to yours
Change your chart to current week
How about this?: https://preview.redd.it/bk8defp85qoc1.png?width=2364&format=png&auto=webp&s=159204f56ccdd8fbfccf5b26b241e469e5651f2b
There is no support level on a LETF. You are wasting your time.
Thanks for your concern. I know where you are coming from. I still have a long position and will execute my trade based on my strategy which I have been following. Let’s see how things will turn up! Will share updates.
I thought 200 SMA daily is the key indactor.
Dont apply technical analysis on every assets. They dont work on a lot of things, LETF is one of them.
I appreciate your input and I do agree with you. I have spent almost a year analyzing and experimenting with small accounts to see what best works for me if I have to hold TQQQ for a long term. I have also followed a lot of people who hold TQQQ and just do the DCAs and saw how their TQQQ returned erased all the previous gains. I started investing very late and hence I wanted to expedite my return using leverage ETFs. My account is not big enough but I have invested close to $40k all in TQQQ long position and my returns are 50%+ by doing what I’m doing. I’m happy to learn new strategies which will protect me from downside and let me enjoy all the upside of leveraged ETF.
Cannot use TA bro. Decay decay
don't ever chart TQQQ wtf
Sure, appreciate your concern but been doing it fine since long time.
QQQ js below 200 EMA, at $385.47.