You won’t hear of me. I am not doing any analysis on AAPL. I am bragging
TQQQ is only 10 years old, you can’t make “hold forever” observation. You are extrapolating. I ask you to make a forward looking judgement not quoting past performance. Start from first principles
Cathie did BTFD. It appears she is doing a lot of BTFDs like millennials.
No worries, @Jil will change his tune after a few months. Look through his past posts, he hyped different stocks every few months.
The article you linked won’t convinced @Jil that timing doesn’t gain much return in the long run (10-15+ year duration). Is his personality profile, he can’t see red in his account for many years. I use to red… red in Chinese is good luck… probably why I won’t mind seeing red.
See how simple TA tool like pitchfork helps in trading (since this is 1 min chart helps in day trade, for swing trade, use longer timeframe chart) which you are not interested, just for info. I use the pitchfork to day trade, made another 20-30% gain trade… just peanuts to help me stay awake. I bot when it hits the lower channel of the pitchfork this morning, just sold.
1-min QQQ chart use to day trade, not the above hourly chart. I don’t have the confidence and skill like Panda to trade HUGE sum… satisfy with candy gain.
Just a simple way to draw trend channel Mainly for trading.
Should use with RSI, best to buy when there is a bullish divergence and price near lower channel. Oversold also can but not as reliable. Sell some when RSI is overbought, sell the rest when RSI is bearish divergence or when you are not comfortable holding.
Added bearish and bullish divergence on the original chart. Btw, if break below lower channel of the pitchfork, have to cut loss if no bullish divergence.
I understand the difference, you are too good on buy/hold, not on trading heavy amounts.
No single solution fits all.
Even though Panda has longer trading experience, he is unable to predict precisely as he is using his experience, bear view and EW curves.
I will be able to add more comments by the end of the year if I am successfully make every possible dips properly. I still make mistakes, corrections that eats away my profits.
It depends on how precisely I am able to predict/judge ahead. I may have to control my trading practice too.
If it’s so simple everyone would have used it and there won’t be any returns left. Humans are programmed to look for patterns, even in random events. Your brain is fooling you here.
For all the TQQQ stans here, have you guys ever thought about this question? What will happen if QQQ falls 33% in one day?
I agree that is not so simple like that. The max loss can be first circuit break (7%) and potential loss is 21% from the peak.
On the other hand, last year market dropped 30% SPY (and I think 40% QQQ with zigzag way), still TQQQ is 100% growth between Jan 2, 2020 and Dec 31, 2020.
Between Jan 2011 and current period 2021, TQQQ jumped 6000% (somewhere I posted) and only TSLA was 15000% above TQQQ.
Simple doesn’t mean is 100% reliable and guaranteed. Actually many traders use them.
Other simple ones are pivots, moving averages, stochastics, macd, and rsi.
One more time. Simple. Not 100% reliable and guaranteed.
As you often say, you don’t know jack if something is good or not until it undergoes a full market cycle. So maybe tell us after your century top blows up?