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TQQQ trade ideas

TQQQ next target 121. RSI and price support achieved. Those who have followed my last posts on shorting hopefully have made some $$. We have had 4 great swing days down. Tomorrow let's swing our partner back up after that 4-day dip. We should bounce tomorrow and start climbing to achieve our next high around 121 to complete wave 5. Divergence on price and rsi with charts lining up perfectly to support our next high. Catalyst will most likely be approval of Government stimulus or decrease of long-term Treasury yields that will give it enough of a push to the next high around 121 before plunging to new lows. This could be a slow up and down climb that could take the majority of the year before we crash!!! This is NOT investment advice. Please do your own due diligence!! Questions or comments welcome.
NASDAQ:TQQQLong
by PETEYboy
10
TQQQ , Trend following setup , Long We seem to have found support on this trend line for the time being . Also we beat expectations for LEI report today , which I think provides us a good chance market will move back up from here . Not to mention , DOW, NASDAQ and SPY are all in confirmed up trends on their 15 min charts as I write this. Taking all that into account , I like the risk reward odds on a TQQQ long, initial target is marked on chart but after this passes a 1 to 2 risk to reward I will start adjusting my stop to protect profits. I will trade this as trend following setup rather than a swing . Good luck ~
NASDAQ:TQQQLong
by NAK1987
TQQQ Put Credit SpreadMy plan was, "in order to leg into iron condor - will initiate put credit spread for 90/85 for March 05 , 2021 if price drops below $100 per share." Now I am doing the other leg of the iron condor. Current share price ~$98. I opted to do a put credit spread for March 05 , 2021 with sell price of 90 and buy price of 85 (85/90). Total credit received: $75 per spread contract. Total risk: $425 per contract. Expect price to recover. Minor Regret: I wish I had bought the $85 side of the put credit spread when the price of TQQQ was still $108 because it would have been cheaper.
NASDAQ:TQQQ
by bodeen88
TQQQ Next stop 95! Charts don't lie!!Some great 5% shorts the last 2 days. Rinse and repeat. Tomorrow we are looking for it to touch at least 100 maybe 95. The big guys that move the market are slowly bringing this back down to reality. You can see the green down candles, the last two days. Definitely a pullback, but could be more. I marked two key areas on the chart that will likely be hit tomorrow (price point and RSI). Charts don't lie, so do not be fooled by the big boys manipulating your thoughts through the media and forums. Be careful what you read. There is most likely a motive. This year is a perfect example. Try learning before paying for a service. To win you have to learn and be disciplined. Please do your own due diligence as this short is for my current situation. Question or comments are welcome. Trade to Win!! Protect your profits!! Hard work = Good Luck
NASDAQ:TQQQShort
by PETEYboy
7
TQQQ Call Credit SpreadCurrent share price ~$108. Rather than risking being exposed to holding shares of TQQQ and doing covered calls, I opted to do a call credit spread for March 05, 2021 with sell price of 115 and buy price of 120 (115/120). Total credit received: $146 per spread contract. Total risk: $356 per contract. Expect price to cool at this point. In order to leg into iron condor - will initiate put credit spread for 90/85 for March 05, 2021 if price drops below $100 per share. Form hypothesis for next iron condor after March 5th.
NASDAQ:TQQQ
by bodeen88
2