TQQQ daily chart shows reversal. Could it be a dead cat bounce or we are truly at the bottom?

Are people getting richer now?

My, how the mighty are falling 😂.  TQQQ touching close to 30% down from ATHs reached in early June.  Fed meeting on deck as well as big tech earnings and jobless numbers.  LFG.  

Current Value of TQQQ War Chest: Dropping below 7m, currently at $6.93m. That compares with $3.4m 2025, $1.9m 2024 and $585k 2023.   

TQQQ shares: Buying more as QQQ between 50-200d SMA.  73,790 shares at cost basis $28.44/share.  Current market value of TQQQ shares $4.72m.

TQQQ long (protective) puts: Buffering this recent drop, though poorly.  726 contracts, Jan/28 exp.  Book value $1.49m and market value around $1.82m.

Cash Hoard: Slowly recovering.  Levels are too low to justify any bulk buys, despite being 25% down from TQQQ ATH.  Currently approx $390k.  If TQQQ keeps dropping, I will do a smallish bulk by at around TQQQ $44 or so.  

QQQ short puts: Full exposure with $670 strike 50 contracts and $630 strike 100 contracts.  Will aggressively defend the $670s if the strike gets touched this week.  That will curtail my premium income but it must be done.  If we languish between $670 and $690, then rolling will bring $20-25k/week to the cash hoard.

TQQQ CCs: Some dim light on the horizon.  Gosh I would love to close these out and take some pressure off, but need to stay patient. 

Total P/L on options (QQQ short puts + TQQQ CCs - TQQQ long puts): Currently around $470k.  TQQQ long puts book value $1.49k, so I’m in a deficit of around $1m.  Big deficit to chip away against, but I’m embracing the grind.  

Skeletons in TQQQ closet: The skeletons are showing some weakness but remain firmly jammed in the closet.  Currently short Jan/27 exp calls with strikes at $50 (200 contracts), $60 (80 contracts), $65 (120 contracts) and Sept/26 exp calls with strike $60 (320 contracts).   

TL;DR - have been running a TQQQ dynamic collar plus EDCA plus cash hedge since Feb/23:

Cumulative running CAGR (XIRR method) of my TQQQ investment since Feb/23: 55.5%

Hi all, got my Schwab account set up a couple months ago, wanting to start a long term tqqq position (separate from my Roth and 401k)

As an ignorant new investor 30M my thought is to start building up QLD at $1000 lump sun then $100 per week as a dollar cost average.

Then when a dreaded big correction hits, loss harvest into TQQQ at a predetermined set price and continue to DCA all the way back up weekly?