Cycle Trading

[Duma]

Your guy is starting to worry me.

During the recent 59 day up-trend (5/26-8/18), QQQ rose 8.4%, SPY rose 4.8% and DIA rose 2% but TQQQ rose 26.3%, beating 90% of the Nasdaq100 stocks and 95% of S&P500 stocks. That is why when a new QQQ short term up-trend begins I slowly accumulate TQQQ. By the way, TNA declined -13.3%.

He touts how QQQ rose 8.4%, but that TQQQ was up a miraculous 26.3%. It would appear he does not know that TQQQ is 3x QQQ and that buying TQQQ he is leveraging by 3x. He spoke as if TQQQ was an entirely different etf from QQQ that just had really good gains. He specifically said he was "accumulating TQQQ because it was beating 90% of the NASDAQ stocks." What an idiotic statement to make.

And by the way, slowing accumulating I don't think is the way to go. Go all in near the bottom and play the stops that are close.

My charts are all I need, I will no longer read him.