I believe that the algo is buying TQQQ on the dips correctly in a long market. However, once in bear market (last few weeks) we should be selling the rips (buying SQQQ dips). this is still buying TQQQ dips and will lose in bear markets - losing the advantage of SQQQ.
Very careful trader, uses stops to get in and out. It will be interesting to see how the strategy does in a bear market, it's great in a bull market especially since it's hard to find a SWAN (sleep well at night) strategy that trades TQQQ.
Huge loss in December 2021....maybe it will recover in 2022, maybe not.
But one thing is sure... due to the very hight leverage, it's going to be bumby :-(
Danny is a great trader with years of experience. He manages risk while maximizing returns. His focus is on retaining capital - this is what I like most about Danny. The key to a strategy is longevity - check out the history - Danny's strategies are first in class. No strategy makes money constantly - Danny's strategies consistently make money and minimize risk. That is all you can ask for. Danny's strategies are #1 for me.
Danny is a great trader with years of experience. He manages risk while maximizing returns. His focus is on retaining capital - this is what I like most about Danny. The key to a strategy is longevity - check out the history - Danny's strategies are first in class. No strategy makes money constantly - Danny's strategies consistently make money and minimize risk. That is all you can ask for. Danny's strategies are #1 for me.
I doubt there is an AI. It was just some simple moving average or some trending - you do really good coz of TQQQ in the up or down trending market, YOU WILL LOSE money in the choppy market. It doesn't beat the buy & hold. There is no alpha - subscribers just wasting their money.
Been with this strategy for months and no net gains, lots of promise but not delivering. Getting stopped out on days where there is a bounce and should have stayed in - strategy leader has "tried" various stops and no stops adjustment to the strategy in response to complaints. I am hoping to keep some patience and let the strategy work as we know all strategies have their ups and downs but this one has me about $8k in the hole on top of the monthly fee. Hope this strategy manager is aggressively working to adapt this strategy to keep pace with the market dynamics as it seems it was optimized for more of a solid uptrend
The artificial intelligence here doesn't know how to deal with market declines as there were yesterday, Yesterday there was a sharp correction in the market and all this was missed because no mid-trade operations are performed here.
90% of the operations are carried out either in the first minute of trading or last minute before trading ends.
This strategy was great from it's inception in March 2020, when TQQQ was at ~70% drawdown from COVID. From inception to around July 2021 it has definitely produced outsized gains. However, after subscribing to this strategy for a while now, I do see it's flaws. The strategy gained so much because of a bull market from pandemic lows which saw TQQQ (and the stock market in general) increase dramatically over this time period. I believe just buying and holding would have produced the same or better gains than this strategy. This strategy also suffers badly when there are wild fluctuations in TQQQ daily and weekly. This has been the case lately. Sometimes I wonder how the "AI" works because it has not been working well as of the past few months. The AI is often wrong when getting into a short position with SQQQ, then going back into TQQQ, only to have to back to SQQQ later again. Unless the stock market and tech sector is going to continually climb up dramatically, it just seems to me that the strategy's gains has plateaued now. It hasn't been able to top the gains made since July 2021 due to various reasons.
At the end of the day, I'm not sure if this strategy is better than just buying and holding TQQQ. We haven't seen tremendous drawdowns in TQQQ to see if the AI can really prevent the portfolio from getting hurt. I'm sure the strategy creator has made a good amount of subscription fees from this strategy, and I guess deservedly so, but I may be unsubscribing soon.
I had high hopes for this strategy because I genuinely like the strategy owner, however, do not plan on obtaining any gains any time soon. It is a buy and hold strategy, which, quite frankly I can do myself. For $150 a month, I would expect at least that in gains to cover the monthly subscription. I have been losing money since July 2021, in addition to a high monthly subscription cost.
Thank God I have problems autotrading it. A shame I lost $300 on the monthly subscription but I would have lost much more if I had actually entered the trades.
Performance looks great in the beginning, but in the last 10 days the strategy very quickly lost 50% of the last 9-months performance.
That's inacceptable!
Excellent strategy and appreciate the commentary/explanations from strategy owner along with the additional tracking toolkit provided. Great one to follow!