• 102 days Will The ECB Continue To Hike Rates?
  • 102 days Forbes: Aramco Remains Largest Company In The Middle East
  • 104 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 504 days Could Crypto Overtake Traditional Investment?
  • 508 days Americans Still Quitting Jobs At Record Pace
  • 510 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 513 days Is The Dollar Too Strong?
  • 514 days Big Tech Disappoints Investors on Earnings Calls
  • 515 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 516 days China Is Quietly Trying To Distance Itself From Russia
  • 517 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 520 days Crypto Investors Won Big In 2021
  • 521 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 522 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 524 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 524 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 527 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 528 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 528 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 530 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

QQQ's Strategy

Swing Trading the QQQ's

My strategy is to time the market using the QQQ's which is an exchange-traded fund based on the Nasdaq-100. Powershares QQQ's etf tracks the market-cap-weighted Nasdaq-100 index which is 100 of the largest non-financial stocks in the Nasdaq Composite Index.

I would suggest inexperienced traders stick to using the 1 for 1 vehicle and not the leveraged etf's such as TQQQ's or SQQQ's. These leveraged etf's are meant for shorter time frame trades, not long term. They tend to lose value over time, they are not buy and hold strategy's.

Below I have a simple chart showing ProShares UltraShort SQQQ's 3x leveraged etf corresponding to 3x's the inverse daily performance of the Nasdaq-100 index. Again remember these lose value over time, they are meant for short term trades, not long term. They also bring more risk so traders need to have well defined entry and exit points to protect their capital.

The chart below shows support near the lower trendline. I use cycle analysis, astro's, technical indicators and many others to make my trading decisions. I generally do not rely on moving averages, specially and not limited to the 200 dma and 50 dma. I have proved time and time again, these are near worthless for this type of trading. Moving averages are just one simple tool that can be advantageous when used correctly but some are referenced and used mindlessly.

Trading QQQs
Larger Image

Good Luck,


The chart above should be fairly easy to understand. If anyone has any questions, please feel free to email me anytime at admin@doubleplayoptions.com


Back to homepage

Leave a comment

Leave a comment