$TQQQ.US$ Does anyone think its possible to reach previous ...
$TQQQ.US$ Does anyone think its possible to reach previous high 90+ in future ?
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I am a Swing Trader, my goal is to grow the portfolio at a 5% profit per trade, then shut and wait for another setup.
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Ultratechman : maybe. very optimistic approach. I wouldn't put a lot on that unless it got way lower first
razo2 : bro please don't tell me you kept this since 90. this is a daily traded etf, not a stock market. you will suffer decay if you keep for long period of time.
if you are looking at long term and don't want to trade stocks you can buy the direct QQQ or SPY index. you won't suffer the decay on those.
Mafiosa818 razo2 : spy 4400 ± eoy maybe bro?
razo2 Mafiosa818 : we need a few things to clear. geopolitics at middle east, lower bond yields, remaining tech earnings and lower dxy. I cannot say for certain until we see all these checked.
if the yield drops my advice for you and anyone here is to buy the old economy stocks blue chip with good books. it is a no brainer to buy those since most of them fell below 12 PE ratio.
Mafiosa818 razo2 : still need confirmation for bullish trend
razo2 Mafiosa818 : yes. nothing is certain until we get the news. if china play their card well with US in the upcoming meeting between Xi and Biden. My strong suggestion is to start booking china tech stocks. you think US tech and AI is strong , you haven't seen china.