😉My 2024 Buys For Market Bottoms🪨+Lessons From 2023📚: A Must-Read For Newbies
2023 has been a wonderful year of learning and experimentation for me🤓 & I’m happy to share my research and profit-making buys in 2023 with fellow 🐯🐯🐯 Let us grow our wealth together in 2024🥳💵🤝💵🥳
In 2022, I was 🥇 of the rare few writers who shared about the 3X leveraged ETFs TQQQ & SOXL when they were not as popular in the 🐯 community. Feel free to search for my introductory articles on these 2 stocks below to learn more about these 2 ETFs🤓
I’m glad that many 🐯🐯🐯 have since learnt about these 2 wonderful profit-making opportunities & used it as a trading tool🥰 For newbies who don’t know how effective TQQQ & SOXL can be at generating returns, here’s a preview😉😃
The All-⏰-High & 52-Week-High for TQQQ is above $85 & $52.01 respectively, & its historical performance is as follows:
The All-⏰-High & 52-Week-High for SOXL is close to $70 & $32.78 respectively, & its historical performance is as follows:
In 2022, I traded TQQQ & SOXL & a few other 3X leveraged ETFs (SQQQ, SOXS, UPRO) intra-day, but it was too time-consuming😵💫 & wayyy too tiring🥱 so in 2023, I decided to experiment holding them for increasingly longer periods of ⏰ & the results were ABSOLUTELY FANTABULOUS with OVER 80-100% profits as shown above🥳🥳🥳
📕Lesson 1 ➡️ Contrary to advice I’ve found on the internet that leveraged ETFs are better for intra-day trading, I’ve learnt that they can be held for weeks & months for a short-trade or a medium trade with good profitability🧐😉 I'm happy to share with fellow 🐯🐯🐯🐯 that I've done the risky part for you by experimenting & you can reap the benefits from my testing😉🥰
2024 when Market Bottoms🪨 ➡️ I’ll add more shares of $Nasdaq100 Bull 3X ETF(TQQQ)$
☀️Little Miss Sunshine Special Tip 1🤫:
⭐️⭐️⭐️ For newbies starting out to trade leveraged ETFs & aren’t good at timing your entry, only buy 🐂 leveraged ETFs‼️
💭Investing Rationale💭 ➡️ You can keep averaging down to get a better cost price & wait for the market to turn 🐂-ish & reap a better profit❣️All you need is patience😉 Market is known to be 🐂🐂🐂-ish longer that it’s 🐻🐻-ish.
This is an example of why you shouldn’t buy a 🐻 ETF, especially if you have a weak💔 For me, my investment amount is what I’m prepared to lose💸 (& you should be too‼️ Never invest what you can’t afford to lose🚨) so I’m 👌 to hold SPXU for 454 days with a paper loss & collect dividends to wait till the 🐻🐻🐻 come out to play🤭
☀️Little Miss Sunshine Special Tip 2🤫:
⭐️⭐️⭐️ For SOXL, $14+ is when I’ll add a lot more shares & I’ll sell bit by bit to profit-take💵😃💵
💭Investing Rationale💭 ➡️ With the AI🤖 boom, chips are a must-have $NVIDIA Corp(NVDA)$
📗Lesson 2 ➡️ The issuers of these leveraged ETFs can close the ETFs due to limited interest🚨 which means that you may be at risk of losing all your capital just like if a stock was delisted‼️ Some leveraged ETFs are less safe than others, so do take the necessary precautions to check if the leveraged ETF you're interested to invest in has:
(1) a high trading volume
(2) a sufficiently long trading history
(3) the ability to weather storms☔️⛈️🌊🌪️
(4) an ETF issuer that's reliable
Do also regularly read 📰🗞️ & updates of your leveraged ETF holdings & also letters✉️✉️ from the ETF issuers🕵🏻♀️🕵🏻♂️👩🏻💻👨🏻💻 Below is an example of pass leveraged ETFs that had been delisted.
Wishing all 🐯🐯🐯 a Blessed & Prosperous 2024🧧🧧
Please help to click on the “Like👍” & “Share/Repost⤴️” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access my research & sharing on leveraged ETFs. Many thanks🤗🥰 You will Greatly Encourage Me❣️
As usual-🤔💭 Consider POV & Actions of Investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
@TigerStars @TigerEvents @CaptainTiger @MillionaireTiger @TigerClub
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
and yr spxu, just wow. holding for more than 365 days.. amazing..
are you holding any sqqq by any chance?
and about your query on the management fees: from what I learnt from Google was that the management fees and auto deducted each day from the daily NAV value, so you won't see a separate change on it
Do you plan to share your trading records and positions holding in the trading spark community?
Great ariticle, would you like to share it?
A great campaign and games for all to win
Great ariticle, would you like to share it?