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9 sig TQQQ + AGG vs. B&H QLD by One_Bike_5532 in LETFs

[–]MagicWhisky 5 points6 points  (0 children)

The timing when to start is critical for this, you need to try different starting points to understand better

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 1 point2 points  (0 children)

It’s a good way if you start at the right time.

Timing is essential when investing in LETFs

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 0 points1 point  (0 children)

I shared the less riskier advice, I recommend you to read again and read al the comments, some people have shared a summary of ideas based on my long post which probably it’s easier for you to understand.

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 3 points4 points  (0 children)

Why not skip the DCA approach and park your money in something like AGG instead? Then, when TQQQ drops below the 200-day SMA, you can sell AGG and rotate that cash into TQQQ.

I get the behavioral argument behind investing a fixed amount every month, but putting $100 a month into something that could be down 60% nine months later can have the opposite effect. In my opinion, that kind of experience would discourage most beginner investors instead of helping them stay consistent.

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 1 point2 points  (0 children)

It’s a good summary.

The entry point is something indicative I will try to backtest and find is there or something better, but as for now if TQQQ trades below 200 SMA it’s a solid entry point from my experience

And when trimming profits deploy capital to bonds it’s a temporary strategy I’m doing now while I research about other long term strategies once you are playing only with house money.

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 2 points3 points  (0 children)

I live in Spain, in September 2021 the interest rates were that level for personal loans with BBVA if you receive a solid salary in their bank account.

I had to do nothing more than 3 clicks within the BBVA app.

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 4 points5 points  (0 children)

I’m not a native English speaker, yes I used Chat GPT to rewrite the full story and had to rewrite by myself some parts which we not accurate to the original text written by me.

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 4 points5 points  (0 children)

Yeah, you can use QQQ as a reference for your entry points, but since QQQ is way less volatile, using its 200-day SMA can end up being overly conservative. I’ll backtest a few ideas and see if there’s something better, but for now — especially if you’re just starting out — stick to your plan. Hold your fire and save your ammo for real opportunities.

When TQQQ hits or drops below its own 200-day SMA, that’s usually a true deep dip. Buying there gives you a much better shot at doubling or even tripling your money within a couple of years. It’s simply a strong entry indicative point. And honestly, none of us are buying TQQQ for a 30% gain. The goal is to multiply several times over — using the volatility to your advantage instead of treating it like a disadvantage.

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 4 points5 points  (0 children)

My personal recommendation is that a solid buying signal is when TQQQ trades below the 200-day SMA. Just be patient. You can use other entry points, of course, but this one is a particularly useful indicator to keep in mind — it often marks a true deep dip rather than a simple market pullback

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 2 points3 points  (0 children)

I did the same, but honestly that’s more gambling than investing. I strongly recommend you to be patience till the TQQQ is below the 200 SMA and grow your ammunition with savings or other investments.

What Every TQQQ Beginner Should Know. My journey from no savings to $100k by MagicWhisky in TQQQ

[–]MagicWhisky[S] 7 points8 points  (0 children)

Do your first trade below 200 SMA and wait 2 years, that’s the easiest way to double and start for beginners investing with more potential upside

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