Subject: Go QQQ!!!
Fidelity just emailed me another "Fidelity Alerts: 52 wk High/Low Trigger for SPY". That's the 12'th in the last 30 days.
Watching QQQ with bated breath.
For TQQQ. which I have a sell on at 60.01. QQQ just need to go up another 0.6% for my sell to get hit.
Happiness is a 3X leverage on a rising index. Don't get greedy.
I got taken out of UPRO last week, 4% lower than it is today.
Don't look back, never look back. Pick your target and be satisfied when you hit it.
Probably not Mechanical, of course. Always big warnings about holding these 3X daily for longer than a day. Merrill tossed up a big red popup warning when I entered a buy order, had to click a box "Yes, I know I am an idiot for buying this, but I absolve you from allowing me to cut my own throat."
But....I did a backtest using historical QQQ daily data, and it shows that in certain conditions that TQQQ is good. Highly volatile, though. My first buy was at 41.22, last buy was at 30.86.