Get started
ProShares UltraPro QQQProShares UltraPro QQQProShares UltraPro QQQ

ProShares UltraPro QQQ

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

TQQQ trade ideas

TQQQ reaching some Resistance (SHORT)Analysis based on long term trend lines and forming wedge. Moving averages starting to curl downward. Daily RSI is very high. Bought Put 11/5 dated 11/19 for $157.00. $2. No stop loss. In hindsight, it would probably be more advantageous to purchase a longer-dated put such as 1-month out, December 10th, and raised the price target close to the current share price, about $169, so that the risk of being out of the money at expiration is lower. The premium in that case would be more like $10. Loss due to theta decay would decrease. However, in that scenerio, a stop loss would be necessary due to the significantly higher premium. Also in that scenerio, it would be necessary to take into account the larger spread, about $0.50. Entry limit as close to the bid price as possible and wait for order to fill is a must. For the $2 put for 11/5 at $157, the spread was very small, about $0.02.
NASDAQ:TQQQShort
by bodeen88
TQQQ: "Following Fifteen" Trade Idea 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.
NASDAQ:TQQQ
by l3loodred
TQQQ strat , will watch closely for a potential re entry . As my previous idea states I am going to share my re-entry on the TQQQ strat this time . There is some signs of bullish price action here and looks like we might pull off a wedge pop here soon . A wedge pop is when the price pulls back above the 10/21 ema's . Personally the entry will be when the price closes above the TQQQ stop will be vs the low of that candle and or the 21 ema . Usually whichever is less . There is another signal too and that's the 50 sma . Which is currently above the 10/21 . I suppose you could participate in both events maybe if you wanted to play it safer you could take a smaller weighted position on this first signal and a larger one on the 50 sma ? Anyways everyone's preferences are their own and its important to know yours to respect risk tolerances . will update if a position is taken , have set an alert above too ..
NASDAQ:TQQQ
by NAK1987
Sometimes the best position is no position . My Gameplan...We are in a confirmed downtrend now and I personally will eventually re-enter the market using the TQQQ . But regardless of your trading plan I think the main reason I decided to publish this one is to show that sometimes the best position is cash . I believe right now is one of those situations . I am now 95% cash . I love the TQQQ , it out preforms most stocks and it is one of my first extensively back tested names. I like to back test manually using TV's chart replay function. In the case of the TQQQ , I have back tested several strategies dating all the way back to 2011, a lot of manual back testing and excel entries but I love it and its good muscle memory practice . **With the TQQQ , you are betting on the market and not a company and it's a proven fact that the market likes to go up more than down :) Essentially, my TQQQ strategy, that I favor, is to start attempting longs after we take back either the 50 MA or 10/21 ema's , with tight stops too . Furthermore, after a market correction that puts me in a cash position, when I get the correct signals, I will actually use my whole account to enter TQQQ. Then, if successful, sell half at 2R and follow the rest up with a trailing stop off the 21 ema . My scaling out system is simplistic and could probably be made more efficient but this is one of my most cherished strategies because it is truly my own and I model my swing trading after the same methodology. Obsviously , there are lots of very similar moving average systems that work pretty well worth looking into , mine is based quite a bit off Oliver Kell's " wedge pops/wedge drops . He is the winner of the 2020 investing championship btw, wrote a great book worth reading too with some savvy terms for his own terminology of chart events/signals. But more to the point , I think that the TQQQ and or QQQ is a great tool for us to use to mange risk because when we lose the 21 Ema its time to get defensive and when we lose the 50 , even more so . This is for ALL our positions too, so even if you have no interest in trading the TQQQ , you can still use the market indexes to determine if you should be playing defense or maybe even going to cash. You should also know exactly what your risk management requires of you too with set rules written down and rehearsed for different market signals. No one needs to know what will happen tomorrow to be a profitable trader , and picking a bottom is a risky business . So for me , ill wait for the market to tell me when it wants to potentially start a new uptrend and then I will pounce with a tight stop . If that doesn't work I will repeat and repeat and repeat , until it does work. For me , what the QQQ and SPY are up to is the most important determining factor , everything else, like NEWS for example, is secondary and unnecessary for collecting profits or protecting your account . The most important thing , for me is what the market is telling us based on its moving averages and price structure . I normally don't post my TQQQ entries but I have decided that coming out of this correction as I attempt to long TQQQ I will share. For now , I will wait .
NASDAQ:TQQQ
by NAK1987
4
TQQQ Buying OpportunityPrice has pulled back from ATH of 153 to a major support of 127 and rallied back to 135 intraday. I should not enter a long position until I have bullish confirmation that the uptrend is continuing. Feds speak this Wednesday & Friday, if inflation is increasing at a faster rate than expected feds may begin to boost interest rates sooner then expected, if this happens it will have a negative effect on the market and possibly flush even lower. What I See: Daily Chart - Price Gapped Down & Pulled Back To 100 Day EMA (Yellow) Which Is Also Key Support Of 127 on Daily Chart & Wicked Off of It While Price Closed Directly on The Key Level Of 133.35 With Bears Still in Control - We Have Seen A lot of Bear Momentum the Past 2 Days leaving us 2 possibilities Here... 1. Price Opens Above 133.35 Support & Rallies To 50 Day EMA (Blue) Acting as Resistance at The Same Key Resistance Of 137.50 Before Continuing Lower or Breaks Above the Key Resistance Of 137.50 & Continues Its Run 2. We Open Below the Support Of 133.35 & Continue Lower to Retest Support of 127 with a strong hold or possible break lower. - Keep in mind gaps normal get filled especially in indexes & ETFs - Fed Meeting on Wednesday & Friday meaning If Talks about raising interest rates sooner then expected is mentioned due to inflation that could have a negative short term impact on equity prices on the other hand if talks about holding interest rates stable due to inflation being controlled that could have a positive impact on equity prices.
NASDAQ:TQQQLong
by BillyTradesFutures