nibor100
1,031 posts
msg #155905
- Ignore nibor100 |
2/21/2021 11:50:47 AM
@ron22,
Trailing stop of 10% is commonly used but since TQQQ can move fast you should choose one that protects the right amount of profits for your peace of mind once you are in profitable territory, and otherwise one that protects from the size of a loss that would really bother you.
For those 2 reasons I can't really recommend a specific value for you or anyone else as we are all different regarding risk vs. reward, and of course I prefer not to get any of the blame :)
I know of one Canadian who has used this approach with a 10% stop for the past 3 years (beginning at the first of the year in each instance) and has had gains in TQQQ of ~27%,~47% ,and ~91% thru Dec 4th 2020.(when he last presented his results)
In his words from his last presentation
"With trailing stops employed, simply look at your portfolio each weekend and make changes on Monday at the Open"
Note, that in his portfolio he has other triples and some stocks that he uses the same methodology on, but none do as well as TQQQ has in recent years.
Ed S.
PS. I just did a search on "Turnbull International Forum" and surprisingly found his last presentation is available on youtube.
if you want to see it for yourself, skip over the first 30 minutes or so to get to his presentation as they cover a lot of other stuff in those monthly international forums.
|
ron22
255 posts
msg #155909
- Ignore ron22 |
2/21/2021 12:25:02 PM
@ED Thank you for your detailed and very quick reply. I look forward to watching the you tube presentation this afternoon. Is there a link available where I could review the backtest data for this strategy? Thanks again.
Ron
|
nibor100
1,031 posts
msg #155910
- Ignore nibor100 |
2/21/2021 12:37:55 PM
no backtest link that i'm aware of
Ed S.
|
ron22
255 posts
msg #155920
- Ignore ron22 |
2/22/2021 10:33:04 AM
@ED The Turnbull presentation is very good. He explained the logic for his strategy, how it works and why he started out with UPRO, TNA & TQQQ and ended up with only TQQQ. Good Trading, Ron
|
graftonian
1,089 posts
msg #155923
- Ignore graftonian |
2/22/2021 5:58:04 PM
Thanks for the Turnbull video. My take-away, worthy of a sign on the desk: When you mash that trade button, you are no longer a stock analyst, but become a risk manager.
Graf
|
Mactheriverrat
3,154 posts
msg #155925
- Ignore Mactheriverrat |
2/22/2021 10:09:00 PM
Can someone post the link of the video.
|
Cheese
1,374 posts
msg #155929
- Ignore Cheese |
2/23/2021 11:08:57 AM
John(Mac)
I'm not certain that this is the video that Ed S referred to.
https://www.youtube.com/watch?v=kFRHag2PgZo
International VectorVest Online Forum - December 2020
Special Presentations:
1. Market Update – VectorVest Around the World.
2. Keynote Presentation: MORE B.S. (Bull Strategy) FROM BOB TURNBULL, presented by Bob Turnbull, Burlington, Ontario, Canada. This will be Bob’s 4th presentation to the International Online Forum, each one building on the others. His December 5th presentation will take a closer look at his popular Bull Strategy and Stock Methodology, including a Secret Sauce for 2021.
|
miketranz
961 posts
msg #155931
- Ignore miketranz |
2/23/2021 1:01:26 PM
Great trading/investing presentation.Percentages are mind boggling.Simple,easy methodolgy.This guy's the real deal who can trade his way out of a paper bag.Thanks for sharing.Miketranz...
|