The most recent TQQQ Trading Strategy trade was very successful; one of the best trades in a few months. The result was a gain of $12.79 per share or +14.46% over seven trading days.
After the last trade, which was a slight loss, this trade more than made up for it and put the system nicely ahead against the market.
Here is a visual representation of this trade; there was only one buy trade. If you follow the system, you know that the system can purchase the TQQQ up to four times.
On March 28th, a Green Bar was signaled, meaning that according to the system rules the system bought TQQQ at the open on March 29th ($88.24). Since this was the first buy signal, 25% of the equity allocated to the strategy was used to purchase the shares.
On April 6th, a Red Bar was signaled and as a result the TQQQ was exited on April 7th. All the shares of TQQQ were sold at the open at $101.03. That is a $12.79 per share gain, or +14.46%. The trade was opened for 7 days.
TQQQ TRADING STRATEGY PERFORMANCE SINCE FEB 3, 2020
So how has the strategy performed since I started tracking it for the site? It continues to perform and behave as per the backtest results and with solid results.
Here are the results since February 3, 2020 and starting with an initial investment of $25,000.
The current balance in the account is $49,552, or an annual return of 78.98%. As you can see in the equity chart, it is beating the S&P500 nicely.