Cycle Trading

[Duma]

Not sure what you mean when you sais, "are you planning to trade like TQQQ". So I will answer both possibilities that I can think of.

1 - Yes, I will treat ARKK as a 3x fund and trade it at 100% leverage. This means I will only tie up 1/3 of my cash. I will also trade TQQQ at 100% and SPXL at 50%. This will put me at 250% leverage. I am sitting near 200% with my buy from yday. Still a little more ARKK to go.

2 - I will use my M3 daily chart to trade all three.

It has been a rough two weeks with TQQQ continuing to close under 10ema. But in the end, TQQQ continues to inch upward.

I moved my wave 3 & 4 points. Don't know if they are right now or not, but time will tell. One thing is for sure, the wave cycle up continues. TQQQ is up 15.6% (1x) since the 11/4 buy point. I gained a little bit during the 12/9 dip but lost it by not holding over the past weekend.

I also plotted ARKK as orange on the chart for comparison. Pretty much in lock step.