How To Use $TQQQ for Day Trading
Vložit
- čas přidán 21. 08. 2024
- #BearBulltraders #StockMarket #tradingtips
In this video I'll show you what is TQQQ and how you can use this powerful tool.
If you like this video and you want to learn #howtodaytradingforaliving join us at Bear Bull Traders:
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Start your Trading Here: bearbulltrader...
Learn the Basics of Trading | Ask your Trading Questions | Get Support from the Trading Community | Get your Trading Career Started!
Most Advanced Tools for Traders and Investors: tradingtermina...
Our Best Selling Books: amzn.to/3fGWsjE
Sign up for our Newsletter here : bearbulltrader...
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
BearBullTraders does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is BearBullTraders, registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. Please consult your own independent financial adviser before making any investment decisions.
#daytrading #BearBulltraders #AndrewAziz #Stocks #Learntotrade #smallbusiness #financialfreedom #tqqq
🔥Join us for the next LIVE Free Webinar 👉 bearbulltraders.com/onboarding/
This channel deserves hundreds of thousands of subscribers. It provides very good, honest, genuine and most of all valid, useful and helpful content. I am astonished that it does not have more subs after these years, while some random crypto FURU with the silliest thumbnails crosses over half a million subs!! Amazing world we live in! Anyway, Bear Bull Traders, thanks a lot for what you do. Been an elite member for around 3 years now and it was the best investment I have ever done. Keep it up!! :)
Thank you very much for your appreciation and support, Kim!
It took me awhile. But I've finally figured out how to trade TQQQ successfully and consistently. I started watching the top stocks within TQQQ. GOOG,AAPL,MSFT & AMZN. Also the SPY & QQQ. I finally said good-bye to Penny stocks. Too much manipulation that the SEC seems fine with letting happen. Thanks for this video.
Great Job!
Congratulations Andrew on making this quality video, not only on the topic which is very interesting, but making them more clear with effects, etc. Normally I see you sitting on a PC terminal. You are a very good speaker and if you add these effects, the content comes through more clearly and is more appealing . GREAT !!
Thank you, Lucho, for your kind words and support!
USE the NQ Futures instead.
Much better leverage/lower margin requirements.
Taxes on gains are much more favorable than trading TQQQ.
AND... for the smaller trader (trade the micro) there is No PDD Rule on Futures in the US - no need for a $25,000+ account.
Excellent presentation and much improved with increased clarity and understanding. Please stay with these short clips like this one. Thanks!
Thanks for watching!
Thanks for the video. I hold TQQQ and SOXL for long term. I have been adding them regularly whenever they go lower for dca. I think it's a good time to buy leveraged stocks in down market hoping they will go higher when market turns bullish. When recession comes I might buy in lump- sum at a cheaper price.
Thanks for sharing
There’s no telling when the market will go bullish again though. It can take years.
@@RicardoHernandez-zr1pw Is the market bearish now?
@@ASTR0TALKSPHILOSOPHY No idea 💡. It’s been bullish for a while now (few months). It seems like it’ll be going down now however.
Andrew, thanks for the information. May I ask how using TQQQ is any different to using 3x margin in QQQ? Which is better ? From stop loss point of view keeping risk and liquidity if market falls?
Thx
Andrew thanks for the information and lesson thanks. do more video thanks.
Will do!
Thank you Andrew your videos are getting better 👍
Thanks for watching!
This is kind of useful. Thanks Andrew
I´m glad you found it useful!
I hold for 1 to 4 weeks at a time hedged with 20% to 80% cash to dollar cost average in and trim on rallies
Wow, that's huge man!!!
@BearBullTraders I have a high withdrawal rate so I'm patiently waiting to go 50%SPXL/TQQQ combined to exceed my 2023 high. I maintain a 20% to 25%/year withdrawal rate only possible with leverage. Its cheaper with higher rates to buy leveraged assets.
I hold a relatively conservative portfolio of cefs and leveraged Etracs income etns.
However, the etns are 1 to 3 month holds and I confused panic selling with risk management in October. I actually did better last time this year, as I've been hesitant to allocate 50% SPXL/TQQQ combined at these levels.
Then I look at the charts and outcome if I had let my portfolio drop 40% in October 2023 I would've ended up 10 to 25% after 20% to 25% in withdrawals, but I'm stuck flucuating 7 to 11% below my high as I continue to withdraw 1.3 to 1.7% of my portfolio value monthly.
One good month in TQQQ would've let me exceed my 2023 high and overcome all withdrawals and a 20% drawdown in October. Last year I dropped 27% in Oct 2022 and was 25% off my low by Jan 20,2023.
When I look at the returns for the year and see TQQQ up 188% for the year and SPXL up almost 100%, I am gravitating more towards growth this year but alive been waiting for TQQQ to be clearly oversold.
So I have 3% allocated to TQQQ,3% to SPXL 3% UPRO(avoid wash sales)3% TNA and 3% UDOW with 20% cash and the rest in cefs/Etracs income etns.
I think when the Fed cuts rates, the market will blast off but we are due for a correction. This year I will put up with the volatility and gradually add to my TQQQ, SPXL/UPRO, TNA, UDOW positions.
I know when held for longer than a year there's leverage decay but holding for 12 months appears to generate a positive return as the market reprices these assets.
I've also noticed 51.49% cash 25% SPXL 7% TQQQ and the rest in cefs has about a beta of 1 with the S&P with a deviation of + or -0.13%
I'm tempted to go 80% cash hold my 3x leveraged positions and continue to add on dips. The technicals aren't clear. The 14 day RSI is approaching overbought territory but the slow stochastic oscillator is still rising. So, I don't think now would be a time to go 50% SPXL/TQQQ combined, but I think I will hold my positions and suffer but buffer the volatility with cash and cost averaging in.
I may ditch the cefs/etns completely and go 100% 3x leveraged index funds gradually. This would increase the value of my portfolio so that I could shift to a more income focused strategy in the future
Thanks for this videos helped my out a lot
Glad to hear it!
Thanks for this informative video Andrew
My pleasure!
SQQQ stock price and MACD (up) form a large bottom divergence. It indicates that SQQQ will have a greater possibility of going up. It is very likely to touch MA (20): around 33.81. But it cannot be achieved in a day. We will wait and see in the next few days.
Thanks for sharing!
Great video. Thanks!
Thanks for watching!
Thabk you for all your videos :)
Thanks for watching!
Hi Andrew! Great video. I´d like to know if is it possible to day trade $TQQQ everyday with a cash account. Is there any restriction for trading the same ticket every day? I know it´s not always the best ticket in play, but it´s a good value to scalp keeping focus in the market.
Yes, you should be able to to day trade TQQQ with a cash account, just double check with your broker. For example seems like EU citizens can not trade US ETFs or they need a special permission
Very good content. Been trading the Qs over the last few months thanks to your talks on it.
Great to hear!
Hi Andrew, If the QQQ go down are we short sell TQQQ or Buy SQQQ ? Is there any difference or which one do you suggest?
In that scenario of the QQQ dropping, if you want to go long you can trade the SQQQ.
Thank you Andrew
Buy sqqq. Don't short tqqq because if you short you will pay fees
Great and informative video Andrew thank you.
Thanks for watching!
Good video and presentation on TQQQ. Thank you
Glad you liked it!
Great video
Thanks!
I have SOXL with a price of 26 now it’s 7.30 what should I do ? Do I HODL or DCA
Thanks for sharing!
andres i saw some stats that sqqq has more volatility than tqqq have you checked this?
Not really.
Is there higher fees associated with trading TQQQ?
not really!
I read your two books…great books 👏👏👏👏
Glad you like them! It would be great if you leave your honest reviews on amazon.com!
I will.
I did!
WHAT SELLING PUTS@ LOW LOW STRIKES-- SAY 4/5/6 ON TQQQ AYEAR OUT ??
I want to start trading... no back ground though
I recommend starting with courses and paper trading to practice without risking real money. Focus on learning a solid trading strategy, such as the ones we discuss in our videos.
You can start here: BearBullTraders.com/start
Good luck on your trading journey!
I tried to find what fees arw there for trading Tqqq , or % they take?
Thats up to individual brokers
That depends on your broker, with IB is like any other stock.
What about "XXXX" 4x SP500?
XXXX is a Montreal Bank ETN, 630K volume yesterday
Nasdaq TQQQ 4M volume yesterday.
We need good volume, good ATR and good volatility to efectively day trade these products.
@@BearBullTraders Thanks for trading volume info. I was thinking about trading the pair: long XXXX I short UVIX and vise versa depends on what direction they are trading. Yes, TQQQ is a good one to trade. SOXL is also another one. Lately SMCI and CONL are also running like a wild boar.
why dont use NQ future instead of TQQQ? there are better leverage and liq.
Very few platforms allow you to trade futures
IB won't let me buy TQQQ...
If you are going to do a vid on tqqq, firstly learn how to say it, and then know something about it.
Thanks for the note
Hi I’m experimenting with selling 6 dte 9 delta strangle on tqqq it’s been working good for about 4 weeks. Like to hear your opinion. Thanks.
Short tqqq ist better than sqqqq
Thanks for sharing! What´s the reason for that?