“TQQQ: Heiken Ashi Swing-Trade Strategy. Thoughts?” 3 Months Later

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This strategy works on a weekly time frame. here is the link to the chart.

If followed this ”strategy”, you’d want to buy/sell/flip TQQQ when the candle finalizes green or red every Friday at market close. The candle could flip colors if you buy Intra-Week.

You can do this without leverage and use QQQ but the downside is that you won’t outperform the market.

I posted a similar post about this chart 3 months ago, if you were following this chart over the last 3 months, you would have avoided this entire 2022 slide, you could even follow it but flip from TQQQ to SQQQ on a red candle instead of entirely selling your holdings during a red candle, of course the risk is that if it’s a choppy market and not trending in streaks, you’ll lose more.
Another con to all this is that you’ll miss any intra-week movement that occurs, so this is ultimately up to the personal preference of your trading frequency.

Essentially it boils down to this:

If the weekly candle finalizes red, Sell.
If the weekly candle finalizes green, Buy.
Repeat

Let me know what you all think, it’s been a pretty solid semi-passive move.