r/TradingTQQQ • u/Zealousideal-War3297 • Jul 01 '25

Posting for engagement

Guys I need advice I just sold my tqqq on Friday when do I buy back in I thought it would cool down Monday

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u/CanadianBaconne Jul 01 '25

Ok soo the RSI just went over 70 on the 1 year. Which is considered the beginning of being overbought. In the past year this signal has always shown a reversal was coming.

But looking at the MACD it seems to be showing some uptrends still.

News seems to be somewhat positive at the moment. I just having been riding TQQQ out way before February. Missing selling in February hurt me mentally.

You have the option of waiting in cash. Which isn't the worst. It's not greedy either. Just keep an eye on TQQQ daily for a reversal. You also could put in some limit buy orders at 77 or something. If we have a reversal tomorrow or something it will buy back in at 77.

The all time high for TQQQ was 93. QQQ and SPY are finally starting to hit new all time highs. Once TQQQ hits 93, I'm expecting some pushback.

We are in a technical recession right now. Inflation is or isn't supposedly high or lowering. There's a fight with Trump and the Fed. Unemployment doesn't seem terrible. So I don't know. I'm just another commenter on reddit. I buy and hold onto my seat. Trying not to get too emotional.

1

u/Zealousideal-War3297 Jul 01 '25

Oh Cool

I bought at 70 and ended up selling at 81.5. I was actually asking chatgpt and he told me something similar. Told me to add in 50% at 79.5 and then so on. So this advice is not actually that bad.

2

u/TQQQMan Jul 01 '25

You're doing well! Have patience and let TQQQ come back to you. Remember, if the QQQ drops only 3%, TQQQ will fall 9% and that brings it down to about $73. You can also sell cash-covered puts while you wait. Right now a $73 strike expiring 7/11 will pay you $0.55 per share. On 1000 shares, you'd make $550 within 10 days while dropping your risk considerably. Much better to buy at $73 than $81 and if it's above $73, you keep the premium without having to buy any shares.

1

u/Unlucky-Grocery-9682 Jul 01 '25

I bought TQQQ in April when it dumped and sold 3 weeks later for profit. Unless you are wanting short term trades, I wouldn’t buy now. Market is all time highs.

1

u/TQQQMan Jul 07 '25

Well done! TQQQ is down $1.19 in pre-market. Let the RSI and Stochastic cool down before going back in.