Haven't made an IDEA on Trading View in forever. Probably over a year somewhere.
But today I bring trading view a new idea to witness. And my participants to view my ideas in real-time.
So during this bear market, I wanted to accumulate an equity asset at the pits of the bear market bottom.
My research drew me into the product $TQQQ.
a Triple leverage Nasdaq instrument. I have used this instrument during the covid sell, buying the bottom at around 15-17.00 and holding long-term to nearly 100.00. I do believe that idea is on my page if you search for it.
Next, Market conditions have begun to shift tides. As much drama we have around our economy, there are some underlining changes, that could justify the potential projection of price for the Nasdaq for higher prices.
So since I started this position in Q4 of 22. It was to accumulate shares and Calls equivalence of 1,000 shares of $TQQQ.
Calls being 25 Strikes End Jan 2024 Leaps at 4.00 each or less.
And shares average price cost for me is about 22.75 with all the times I accumulated under and around 24-20.50
This will be the position I hold long-term for the year. Accumulate lows and ride highs and keep your average price as low as possible. While accumulating slowly and neatly on the best opportunities.
I will continuously update this idea. as time progresses.
But today I bring trading view a new idea to witness. And my participants to view my ideas in real-time.
So during this bear market, I wanted to accumulate an equity asset at the pits of the bear market bottom.
My research drew me into the product $TQQQ.
a Triple leverage Nasdaq instrument. I have used this instrument during the covid sell, buying the bottom at around 15-17.00 and holding long-term to nearly 100.00. I do believe that idea is on my page if you search for it.
Next, Market conditions have begun to shift tides. As much drama we have around our economy, there are some underlining changes, that could justify the potential projection of price for the Nasdaq for higher prices.
So since I started this position in Q4 of 22. It was to accumulate shares and Calls equivalence of 1,000 shares of $TQQQ.
Calls being 25 Strikes End Jan 2024 Leaps at 4.00 each or less.
And shares average price cost for me is about 22.75 with all the times I accumulated under and around 24-20.50
This will be the position I hold long-term for the year. Accumulate lows and ride highs and keep your average price as low as possible. While accumulating slowly and neatly on the best opportunities.
I will continuously update this idea. as time progresses.
Comment:
So this position has been appearing fruitful lately, but I wouldn't ignore the potential for turbulence. Even at that, would be a good chance to accumulate more shares. Seemingly like more and more at this pace, we will begin to average up after the quarter's inflation report. Lol. Perhaps don't think so soon. But we will certainly do as what price action tells us.
Comment:
The price looks fair, We have Banks reporting this week. Things can get volatile. We also have CPI reports this week. This could also bring some uncertainty. We will continue to accumulate the lows upon opportunity.
We will not accumulate unless we trade before 24.50.
We will begin to average up slowly. Once we trade above 30.00
We will not accumulate unless we trade before 24.50.
We will begin to average up slowly. Once we trade above 30.00
Comment:
Still in this one. We have now finally reached beyond the 30.00 mark this week. Cheers.
Looking to take off a little to begin some positions.
The next price target being 39.00 for end of Q3 we have a long way to go. Expecting Turbulence this coming Sept.
Looking to take off a little to begin some positions.
The next price target being 39.00 for end of Q3 we have a long way to go. Expecting Turbulence this coming Sept.
Comment:
Alright, Guys. Great position. Looking to Trim at 39.00 this week. Major resistance coming up. And were up 50%.
Comment:
We sold 25% of our Tqqq Position. As we ran 40.00 On Friday.