Another trade was just closed using the TQQQ Stock Trading Strategy, and this time the trade made $10.42 per share trading the TQQQ.
The last trade the system took resulted in a $4.80 per share win which was a good trade. This most recent trade was even better resulting in a gain of $10.42 per share, or a profit of 8.41%.
One thing I learned a long time ago is that it is the small consistent gains that end up making a difference to a portfolio. It is very exciting to see massive gains in meme stocks like GameStop or AMC. However, I do not have the the intestinal fortitude to be able to buy shares in companies like that.
I like to use a system that tells me when to buy and when to sell, taking the emotion right out of the equation. This most recent trade did exactly that.
On July 19th, the TQQQ stock generated a Green Bar signal which lead to a buy on July 20th at the open. 25% of the system’s allocated capital was used to purchase TQQQ in the first of four potential purchases.
Six trading days later (July 27th) the TQQQ stock generated a Red Bar signal and all the shares of TQQQ were sold. For this trade, only one purchase was made (out of a potential four purchases that the system can make – see the eBook for more instructions on how that works).
Quick easy trade; now we just wait for the next Green Bar signal to generate on the daily chart.
TQQQ TRADING STRATEGY PERFORMANCE SINCE FEB 3, 2020
The tracking portfolio for the site started trading on February 3, 2020. The system has turned a $25,000 allocation into $52,080. That is an annual return of 63.93% or a net profit of 108.32%.
Comparing an equal investment into the S&P500, that portfolio would have turned $25,000 into $34,326. That is an annual return of 23.01%. Here is the equity chart so you can compare the two:
The system continues to perform as expected. It has generated nice gains with limited exposure to the market. In other words, it has taken advantage of the mean reversion tendency of the TQQQ stock.