l3loodred

TQQQ: "Following Fifteen" Trade Idea

NASDAQ:TQQQ   ProShares UltraPro QQQ
Discovered an extremely simply but promising Trade Idea looking at TQQQ . Currently working on a visual back test as time allows and looking for collaboration. Also putting together some automation in TradeStation. I've broken down October by the P/L and trade count (below), and have just the trade count going back to 1/1/2021 (will add later). Bad with math.

For October:
- 127.20-123.15 - 4.05: loss 405
118.36-122.11 + 3.75: win 375
121.75-124.61 + 2.86: win 286
- 125.10-120.72 - 4.38: loss 438
- 131.21-129.8 - 1.41: loss 141
127.62-128.62 + 1 : win 100
125.63-128.79 + 3.16: win 316
122.99-123.84 + .85 : win 85
- 126.25-124.98 - 1.27: loss 127
130.73-133.04 + 2.31: win 231
134.17-135.29 + 1.12: win 112
135.73-139.55 + 3.82: win 382

win -2,381
loss-1,111
NET PROFIT- 1,270

Have yet to optimize. No stops or targets.
Comment: "The market can stay irrational longer than you can remain solvent"

Perhaps... Also toying with managing positioning and trade size in such a way as to incorporate rolling losses into the next trade. Maybe on a weekly time-frame. Think of playing Black Jack, betting the minimum. Each loss you double your position until you win, then drop back down to the minimum.
Comment: jan
Winning Trades: 10
Loosing Trades: 9
Total: 19

feb
Winning Trades: 8
Loosing Trades: 10
Even Trades: 1
Total: 19

mar
Winning Trades: 18
Loosing Trades: 5
Total: 23

apr
Winning Trades: 10
Loosing Trades: 11
Total: 21

may
Winning Trades: 14
Loosing Trades: 5
Even Trades: 1
Total: 20

june
Winning Trades:15
Loosing Trades: 6
Even Trades: 1
Total: 22

july
Winning Trades: 15
Loosing Trades: 6
Total: 21

aug
Winning Trades: 16
Loosing Trades: 7
Total: 22

sept
Winning Trades: 13
Loosing Trades: 8
Total: 21

oct
Winning Trades: 5
Loosing Trades: 4
Total: 9

Longest Draw-down:6
Longest Win Streak:9
Trade closed manually: Switching to SQ's