Cycle Trading

[Duma]

For the present I am very happy with my trading plan that includes trading both daily and a 15min charts. Which charts I use depend on which account I am trading and what my long term goals are.

Both of the SPY and QQQ RSI charts are up over 20% so far this year. Trading at 100% for each chart gives a ytd gain of over 40%. Not many traders can beat that and the number of trades is less than one per month.

For a more aggressive style I am very happy with my TQQQ 15min chart. For Oct to date, QQQ is down -3.6% and if one had taken all the trades the gain would be 7.3%. And that is trading at only 100%. Get aggressive with options and one could pretty easily double that number. Only issue, one has to be close to a computer when the trade comes. Or in my case it is uaually a case of being distracted by other things. (I am never distracted with my daily charts because all the decisions are made AH. Big advantage)

So that is my 2 cents for the day. But whatever works is good in my book. Here is the TQQQ 15min chart for the month. Can you count the waves, I can't. But I can sure see the M65 cycles.