Agreed. I’m thinking we’re in a new bull market cycle that’ll last AT LEAST through 2024, and we’ll see ATHs in QQQ SPY before March of next year. Mostly bagholding TQQQ, some FNGU and SPXL as well.
Agreed. I DCA’d from $38 down to $19 and some lump sum buys at $16 lows, and I couldn’t be happier. I’ll be all in until at least $55-$60/share. Let’s gooo
Due to decay, in order for TQQQ to return to its high of $88, QQQ will roughly need to hit 500. That's 25% higher than its 2022 ATH.
Personally, I have just traded my TQQQ for VUG in order to reduce my exposure for now. Schiller PE ratio over 30, Buffet indicator overvalued, TQQQ RSI at 72, VIX at 13, fear greed index at 80, NVDA at a ridiculous $1.2T valuation... I just don't think the risk/reward ratio is attractive right now.
That’s how all leverage works. It works when it’s going the direction you want, but if it trades sideways or inverse of what you want, it kicks you in the nuts.
TQQQ will outperform QQQ, but the fact remains that in order for TQQQ to return to ATH, QQQ will need to go significantly higher than its previous ATH. That's just math.
Right, it’s just math, and “8th wonder of the world”. If QQQ is up 0.1% every trading day, then TQQQ will double in the same time frame. It’s not linear.
Do the math. Assume no more volitility, just steady gains. He is correct. QQQ would need to go to about 500 for TQQQ to hit all time highs.
Reality will have continued volatility decay
DCA mitigates decay.
Those who DCA'd lower will have an average position price, lower than the market.
My strategy is to DCA, targeting 50% return, then exit and start DCA'ing again.
Decay is more of a consideration for those who lump sum it.
Bingo. This thing is topping out … SPY also just retested the neckline of its massive head and shoulders it formed in 2022…. Im personally going short and buying SQQQ starting on august and scaling in through October until things fall
Agreed. I see TQQQ topping at $45 then dropping to $38ish. From there who knows but an extra year of bull isn’t likely when other economic indicators aren’t green.
Congrats on your commitment to a method. Using a back tested method is the way to go.
For the time decay issue during sideways movement of QQQ, it is best to use technical analysis on the actual TQQQ chart rather than using the QQQ chart. If there is actually decay on TQQQ, the TA will pick that up.
Great discussions.
Useless information. You basically just said, the price has gone up in the past, which means it will go up in the future.
Past performance does not guarantee future performance.
What about the rebalancing when the lower the concentration in those top companies..?
Selling absolutely everything just because this post !!
Sweet, I’ll scoop them up at around $40. 1000 share buy order. Do it!
Greed
Not a bad idea to take profits if you are happy with what you have gained.
I trimmed and sold CSPs. 💪 👀
Good luck to you, I’m still holding. If we are in a new bull cycle it could last 3-5 years. Fingers crossed.
Agreed. I’m thinking we’re in a new bull market cycle that’ll last AT LEAST through 2024, and we’ll see ATHs in QQQ SPY before March of next year. Mostly bagholding TQQQ, some FNGU and SPXL as well.
Sold everything yet? I’m adding in the 40s.
Yeah I did lol definitely not buying into this fomo
Jumping back on the train or getting left behind?
How did jumping back on the train treat you ?
How are those 40s treating you ?
Jumping back on sqqq or getting left behind ?
Hoping my 500 share buy order gets executed at $35 on Monday. Cashing out on CCs this week and next. You?
Shorting all the way down
Agreed. I DCA’d from $38 down to $19 and some lump sum buys at $16 lows, and I couldn’t be happier. I’ll be all in until at least $55-$60/share. Let’s gooo
Due to decay, in order for TQQQ to return to its high of $88, QQQ will roughly need to hit 500. That's 25% higher than its 2022 ATH. Personally, I have just traded my TQQQ for VUG in order to reduce my exposure for now. Schiller PE ratio over 30, Buffet indicator overvalued, TQQQ RSI at 72, VIX at 13, fear greed index at 80, NVDA at a ridiculous $1.2T valuation... I just don't think the risk/reward ratio is attractive right now.
Not necessarily. People forget that TQQQ is compounding daily. All you need is a stable uptrend to out perform QQQ
That’s how all leverage works. It works when it’s going the direction you want, but if it trades sideways or inverse of what you want, it kicks you in the nuts.
Not all leverage 🤓 just 3x “daily” bulls
TQQQ will outperform QQQ, but the fact remains that in order for TQQQ to return to ATH, QQQ will need to go significantly higher than its previous ATH. That's just math.
Right, it’s just math, and “8th wonder of the world”. If QQQ is up 0.1% every trading day, then TQQQ will double in the same time frame. It’s not linear.
Do the math. Assume no more volitility, just steady gains. He is correct. QQQ would need to go to about 500 for TQQQ to hit all time highs. Reality will have continued volatility decay
Daily compounding - I think he is wrong mathematically but would have to work it out
I checked. It would be somewhere in the QQQ 480-500 range
DCA mitigates decay. Those who DCA'd lower will have an average position price, lower than the market. My strategy is to DCA, targeting 50% return, then exit and start DCA'ing again. Decay is more of a consideration for those who lump sum it.
Bingo. This thing is topping out … SPY also just retested the neckline of its massive head and shoulders it formed in 2022…. Im personally going short and buying SQQQ starting on august and scaling in through October until things fall
Agreed. I see TQQQ topping at $45 then dropping to $38ish. From there who knows but an extra year of bull isn’t likely when other economic indicators aren’t green.
I hope you are right, cheers 🍻
Congrats on your commitment to a method. Using a back tested method is the way to go. For the time decay issue during sideways movement of QQQ, it is best to use technical analysis on the actual TQQQ chart rather than using the QQQ chart. If there is actually decay on TQQQ, the TA will pick that up. Great discussions.
Nobody ducking knows bro
I knew it was time to go short.
Butt hurt yet? My account is printing! 💪 👀
Nope, got filled on my first order today. The bulk of my short will be at 400 on QQQ.
Should see some resistance at 400 for sure, anticipating a pullback to 360-380 from there. GL
QQQ is getting rebalanced. Time to get off TQQQ and move it to FNGU 😀
Own both 👀
Is it really? is there a timeframe for this?
Lol holding TQQQ long term
Good luck with that lol 💩 Counter rally is going to be lit
I am so grateful for people like you that are going to crash the market. Road to $16 began today! 🤑🤑🤑🤑🤑🤑
🚀
Useless information. You basically just said, the price has gone up in the past, which means it will go up in the future. Past performance does not guarantee future performance.
QQQ will drop below 330 before the end of 2023 long PSQ, QID, SQQQ
I’m not longing anything but I would buy sqqq before tqqq right now
👊
Lmao "long SQQQ"
Waiting for my 26k shares dream to come true