For the rest of the year I plan on staying ultra focused on TQQQ trades only . I want to see how I do staying out of stocks and only day trading TQQQ momentum , no swings allowed/no stocks allowed
All trades will be posted as notes as close to the time of as possible and I am going to keep a separate R log on my profile description to isolate the R of TQQQ .
Typically ,when day trading trading momentum, I am averaging around a 70% BA with a profit factor of 3.5 but when the market is ranging I usually do less. However, I have never focused entirely on TQQQ day trades so I think this will be a fun way to look at the data of forcing myself to not swing it and also to not trade stocks for the duration of 2026 so that I can get an accurate test.
It is also a matter of discipline for me. Since, it's a challenge for me not to go after strong stocks. The momentum is not as nice with QQQ/TQQQ (vs lots of the stocks I trade). That being said with stocks I need to trade smaller and my focus is less concentrated, I miss trades and I am always rushing to flip through charts before the close. There's a lot more emotion to keep in check and dopamine to keep capped , many transactions . TQQQ allows me to concentrate account quickly , reduces my trades significantly and will probably be easier on my eyes.
Also, trading stocks, some days, you have the momentum.. but it dies before you can get a minimum scalp , so you shouldn't really put on more than 1-2 trades . With TQQQ/QQQ this isn't a problem .
Anyways , pros and cons . Lets see what the results yield as the year progresses .
Look forward to looking back on this when Santa comes .
All trades will be posted as notes as close to the time of as possible and I am going to keep a separate R log on my profile description to isolate the R of TQQQ .
Typically ,when day trading trading momentum, I am averaging around a 70% BA with a profit factor of 3.5 but when the market is ranging I usually do less. However, I have never focused entirely on TQQQ day trades so I think this will be a fun way to look at the data of forcing myself to not swing it and also to not trade stocks for the duration of 2026 so that I can get an accurate test.
It is also a matter of discipline for me. Since, it's a challenge for me not to go after strong stocks. The momentum is not as nice with QQQ/TQQQ (vs lots of the stocks I trade). That being said with stocks I need to trade smaller and my focus is less concentrated, I miss trades and I am always rushing to flip through charts before the close. There's a lot more emotion to keep in check and dopamine to keep capped , many transactions . TQQQ allows me to concentrate account quickly , reduces my trades significantly and will probably be easier on my eyes.
Also, trading stocks, some days, you have the momentum.. but it dies before you can get a minimum scalp , so you shouldn't really put on more than 1-2 trades . With TQQQ/QQQ this isn't a problem .
Anyways , pros and cons . Lets see what the results yield as the year progresses .
Look forward to looking back on this when Santa comes .
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TQQQ long 76.95Note
Took a break even on this morning's trade at 76.97. Out for now .Though a second leg up is likely going to happen, I need to go out today so that's it for today ...
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Today has opened down and bearish . But we are at the bottom of the triangle structure . We are also near a prior days low . We are also in bottom third of trading range . Buyers - Buyers - Buyers . Traders should probably wait to short until bears can push us below recent prior lows and triangle base trend line , even if momentum down prints before this . Probably buyers , could easily rally to prior days high area today .
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Never took a trade today , although there were several nice ones . I see two that would have been nice quality and would have had some limited success . But overall trading range day . We are trading in the bottom range of a tightening triangle and market is in breakout mode . Energy is building as bears and bulls get tighter and tighter reactions . That being said .The odds favor a test of the June 30th high and then a test of the all time high . There is limited significant downside probability at this time . After a test of all time high odds favor a resumed uptrend and continuation of always in long trading environment .
This while week I only have the first 30 min to an hour to focus on TQQQ , I have some commitments that span into next week . I still plan on keeping track of things and if I do see a nice setup within these earlier hours , I will take it and try to manage it throughout the day . But overall have less availability to trade from now to the 15th of July.
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TQQQ long - 77.15Note
scalped a bit at 77.28 , stopped on balance at 77.02net loss 0.07 a share / -0.23R
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Short tqqq at 71.44 on downside breakout, probably buyers but just trading what I see . Nice momentum down right now . Shooting for my scalp .Note
Shooting for break even on that now .Note
Got my break even or slightly above at 71.49 , I take my break even several ticks above / below usually so they are often slight losses but I call them break evens still I'll update the trade count and R of trade I bit . Probably buyers though down here ... If we can start to take out highs with good closes I'll be buying .... I still think we have all time highs followed by more trading range price action on qqq for next few months
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Sold short again at 71.49 , once again probably buyers but just trading the chart .Note
Just like the earlier trade , nice momentum , but weak follow-through.... Still shooting for my scalp though at this time Note
Got a scalp finally , maybe bulls taking a break , panic close ? Let's see Note
Covers on todays second trade at 70.93, 70.73, and 70.42 . Net gain of 0.60 a share / 0.78R Todays first trade net -0.05 a share loss -0.05R loss .
We finally got some follow-through with a panic close at lows of trading range . Limited downside likely . Bears beware , buyers near .
If we gap down tomorrow probably buyers ....
At the close today , probably buyers .....
If we gap up tomorrow , buyers .
Bet on the bulls until we have follow-through . Great area to buy for an overnight hold here imo.
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TQQQ long at 69.01Note
scalped some , 69.32Note
out on balance 68.92. which averages me 69.02 , gonna count this as a BE .Transaction en cours
sold short tqqq at 67.39 Note
just took a be at 67.44 on that short . -0.05 net / -0.06RNote
Daily summary - surprise gap down this QQQs trading range base . While this was good job on the bears part , they were not able to continue selling and bulls came in and took the discount and pushed market to prior days low . Bulls want to test the July 15th high and if they can successfully do this , the ultimate goal will be to retest all time highs .Odds still favor a test of ATH and probably months continued trading range price action still ...
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tqqq long at 70.46Note
stoppped out at 69.3 -1.13/share net loss/ -1R
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Long TQQQ 71.17Note
switching to BE goal , too much TR action here coming in after momentum , not happy with the PB , but probably will get a BE the way things are progressing ... Note
And a second leg is probable vs first leg up but looks like we are getting a TTR first ...Note
price came within several ticks of my BE order but still not filled this , reduces my chances considerably of getting a BE , but since we are in a TTR , and we probably will still get a second leg up , odd nonetheless still favor a BE. It's just that now other traders beat me too it so that liquidity is used up . Now just gotta bet on the TTR. The price action that converted market to a TTR is from 10am to 10:15 am . 5/15M TF's.Note
*Typo above 10am to 10:30 , not 10:15 , nothing wrong at 10:15 , it was the excessive PB afterwards vs the momentum that got us in that created High odds of a TTR . Note
Breakeven order filled , and price blew past , I suspect that might be it though , thats leg two after a TTR and now maybe market can range for rest of day ? Lets see , I'm sitting on the buy button . I think we probably will see continued trading range for remainder of today , but strong BO above should be bought Note
Todays earlier trade Net -0.05 / -0.06RNote
Here is the exact breakdown to date for entries:Trade 1 (Jul 6): Long at $76.95 → Out at $76.97.Result: 0.00R (Explicitly logged as Break Even)Trade 2 (Jul 10): Long at $77.15 → Scalped/Stopped out at balance.Result: -0.23R (Net loss of $0.07 per share)Trade 3 (6 days ago): Short at $71.44 → Out at $71.49.Result: -0.05R (First of back-to-back intraday trades)Trade 4 (5 days ago): Short at $71.49 → Scalped out down to $70.42.Result: +0.78R (Net gain of $0.60 per share)Trade 5 (4 days ago): Long at $69.01 → Scalped/Out at balance.Result: 0.00R (Counted explicitly as a BE)Trade 6 (4 days ago): Short at $67.39 → Out at $67.44.Result: -0.06R (Net loss of $0.05 per share)Trade 7 (2 days ago): Long at $70.46 → Stopped out clean at $69.30.Result: -1.00R (Net loss of $1.13 per share)Trade 8 (1 hour ago): Long at $71.17 → Filled on a BE order.Result: -0.06R (Minor slippage loss counted as BE)Note
Gap down today and Im writing this at 10:25. No entries yet , but , I suspect we will probably convert to always in long bull trend soon here and push towards a test low of yesterday . Waiting for nice momentum areas to take advantage of that . Downside is limited , bulls are near.Note
Now we are getting strong sell signal bars but at base of trading range , probably buyers , lets see if sell the close bears get trapped or paid ...?Note
Long TQQQ at 66.20Note
first reversal coming out of a tight bear channel leg so probably minor but also at base of trading range , reasonable trade that will probably give a min scalp or BE I am willing to bet .Note
Scalped some at 66.56Note
sold more at 66.96Note
watching for end of leg one , strong enough that deserves a second leg but also first reversal up after a bear channel . Could keep going with minimal pullback, prior days low still a long ways up ... but could also pullback to a more realizable double bottom formation 2nd entry long . Note
Leg 1 65.03 to 67.22 . Note
stopped out of balance at 66.02 Note
net result of trade 9 - is + 0.19net per share / +0.23Rwe did say minor reversal likely and that's what we got .
Now bulls wanna see a second entry long / major trend reversal setup .
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We got the double bottom but not time to trade it and immediate aftermarket rally so far , would have preferred the rally during standard trading hours though:) Note
Today looks really bearish , great job by the bears but still same theme , buyers incoming and a push towards all time highs is likely happening in next several weeks , Bulls will probably manage to close today with a big tail ... Today is an attempt to break below the daily trading range . Bears want a strong close on todays low , but they will probably be disappointed . I see several short trading areas but I am going to wait for buys given the context . Note
Long TQQQ at 63.30 , first reversal out of a tight bear channel , probably minor Note
switching to BE goal on that . Note
got my BE minus slippage. 63.26 net loss of -0.04 a share / -0.03RNote
just got a buy signal but still TTR , ill wait ... Note
Long TQQQ -63.39, but top of TTR , I am willing to bet bulls push into close here though ....Note
scalped a some a 63.76Note
stopped on balance at 63.16. -0.08 net per share/ -0.09RNote
Big gap down after KOSPI index sold off 10% + last session . Impressive for the bears but context still favors bulls snapping up this discount . also monthly price of qqq vs ema getting closer to its ema and on its low , I think there's a good chance that before the close of July monthly we are going to see bulls put a wick on that . I'm waiting for buys :) .Note
QQQ currently gap down plus a leg down after open , best bears can probably hope for is a second leg down ( they may not get one , bulls want to convert whatever bears do in to a MTR ( major trend reversal ) . Market is in a TTR at the bottom of leg one , watching for clues , bears may get another small leg down I suspect . Either way , my style requires momentum up to get long , so I am on standby , that could change quickly down here . Note
Now this mornings sell off looks like it was a sell climax ... Note
first 15min was the largest drop (not inc gap looking at open to 15m mark) vs last 6 sessions . I am just looking visually to see this but looks like a sell climax . Now lets see if bulls and start to push . Note
Bears never got their second leg , instead they got a sell climax now we have an hour of decent buying that is one big leg up to near highs of day , and we are still within Leg 1 but odds favor some sort of second leg for bulls , probably a sideways TTR first near highs . Note
TQQQ long at 62.33 , would have preferred a little more of a consolidation at highs so we could distinguish that leg two is on but we are still leg 1 after sell climax .Note
We have progressed to a TTR , odds favor a second leg up . I am shooting for a BE now. Note
got my BE at 62.30 , net -0.03 a share / -0.05R . Awaiting leg two BO , for now we have converted to TTR.Note
break below ttr but bug bull leg up , still should get 2nd leg up...Note
well we are getting a second leg so far but 33 min left in day , gonna sit whatever comes out ... great job bulls :) Note
My "GUT" tells me that tomorrow is gonna open emerald green . and hopefully not with a big gap , I don't like those during trading range markets because of how often they get sold at open . Wishlist is nice green open and FT day ...Note
Well certainly not emerald green lol , guys gotta dream . But 2 days left in the month and we have just taken out the may lows and this month is currently a bear bar on its low . I really think that buyers will probably step in before the close of July and we will see them put a tail on this months 10% drop . Comon Bulls .. get it done lol Note
First minor reversal after bear channel today , watching if bulls can get 2nd entry MTR.Note
observation(s) -sell the close entry , has triggered and there's trapped bears ...so far they have no min scalp and no breakeven
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Good chance bears will sell this to get a BE and then hopefully market can start to move up after a TTR ect ect Note
Long TQQQ 59.16 - bears did not get a BE , have they given up?Note
if we start to see some momentum here price going to High of day is what alot of bulls are eyeing.... We have 2 legs down . And a nice 3 bar CC green on 5m and a momentum bar closing on its high for 15M , that will be bought on a 50% PB ... bulls see it /bears see it .
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It looks like bears sold above to with the goal of getting BE exit but they also know that bulls are going to buy the 50% if we reach it . So the bears and bulls are likely going to buy at 50% . Bears would get thier BE that way and then the market could move less restrained. Note
50% pb so many bears that sold the top of 15/5M highs are out BE now . Note
Now the bulls have a job to preform . Lend them liquidity . Already gave them mine Note
Scalping some here at 59.63 , go bulls !!Note
sold more at 60.12 , I have some code to work on that needs my market data , working at some automated trade screenshots so with IBKR/TV so I can stop doing them manually . So I am setting an order at HOD minus a few ticks or ill sell the balance at close . Normally I would be looking at legs to set another target though ... Note
Quick re-visit, 61.27 sold more . still have some .Note
now with that nice sell ill def wait till close to get rid of balance ... bulls wanna push , let emNote
Ended up getting stopped on balance on an older raised stop , which really affected the result . With the violent sell off , Net result on todays trade 0.75 net a share/ 0.75R still a win but crazy sell . I actually didnt know fed rate change was today , usually I have a calendar alert , better look into resetting all those . Well a wins a win but man whens it gonna end Diane? When's it gonna end ....lolNote
Just want to add , market is very oversold , it will probably offer buying opportunities in coming sessions. QQQ is only 1.4% above its 50% pullback . The context favors buyers , especially now , especially here . Not only are we in a longer TF uptrend , we are pretty close to 50% , we are also day 5 of selling . and we sold off 7.3% in these last 5 sessions alone . Buyers will likely show up . This isn't a bear market , not yet at least . Note
Nice gap up today , Long TQQQ , 62.94Note
First leg up . Probably another , also took out prior days high . Note
ticks from my min scalp , but not min scalp other traders took it before me , then pullback> 50% of entry range == Trading range TTR . I am going to change to a BE goal now . Note
Got my BE minus slippage at 62.89 . That's trade 14 , -0.05 net per share / -0.04RNote
Long tqqq @ 63.16 ( trade 15)Note
switched to BE goal again . Just lacking the umph we need to push it seems , pretty big gap up so makes sense somewhat .Note
nope never got it this time , trade 15 closed on stop. Net -0.85 a share / -1R Note
Long TQQQ - 64.4 . A little late , had to rapidly exit paper trading test I'm working at that needs mkt data and missed the entry by several seconds ( those are the things that drive me nuts lol ) but building an app on the side here to automatically manage a screenshot index and it's starting to work .Anyways , today , Gap up , bear from open , minor reversal out of tight bear channel single leg down , second entry long , then my momentum BO area . Kospi up 18% last night , Taiwan 0050 up 10%. Today is H2 on daily QQQ , lets see how we close up .
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Random thought, I think I'm gonna enable my screenshot project to use live account and just disable any and all of its trading components . Then I can still focus on trades and test it through normal trading rather than switching back and forth like a madman . Note
Lack of follow-through momentum after signal , Price at 50% PBNote
So far 50% PB getting bought , did not become excessive , yetNote
Good markets looking ok , almost scalped out , the second entry long leg puts a target at just under 66 level as we can expect a second leg , scalp first .... Note
Would be ideal if bulls can manage to close today at the high so we don't have an upper which and a nice High2 buy signal on daily.Note
Got my scalp 64.66 , going to manage my risk around that . Now let see if bulls can close today in upper range . Note
Took another target at 65.01Note
Out of that balance at 64.54 vs close of day . Was looking like they were going to push but still not getting that momentum yet . Today is a valid H2( high 2 close ) on daily but red candle and wicks , small body . Not the best looking probability . Oh well lets see what next week brings. Downside is probably limited . Todays trade 0.28 net a share / 0.35R .Note
Long TQQQ at 66.12 , Although there were alot of traders that got long a 50% PB at 65.46 area and got a very quick scalp , I just focus on momentum above but good to see that bulls all around are making money .I scalped some of mine at 66.68 and am managing risk around that . I was thinking that bears might try to get a double top vs high of Friday but nope up and away . Good job bulls , keep it up . Will this be a more constructive trade result ? Certainly overdue ha .
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TQQQ 15M chart in BOM oii ...Note
( small triangle ) Note
qqq - 3 pushes up , probably convert to a trading range soon ....Note
sold more at 67.25 and 67.53( top of 3 legged wedge/mkts prob going to convert to range rather than continue up in near term ) , keeping balance for now , try to keep till close Note
upside BO after QQQ - oii and 4th leg up . Note
Markets probably very close to converting to TRNote
sold the balance at 67.85 . got a surprise leg , market still has not converted to trading range , great for bulls but I'm going to take may money off the table . Note
also price has not touched 5M ma in a long time . Could scalp countertrend short here and very very likely make $ . Note
and smart money will ...Note
Trade 17 net 1.20 a share / 0.95RNote
getting that TR conversion now .Note
Awesome Day , That was a change in character vs last several weeks of price action , first day that worked in a fair bit . I hope we see more :) 5 entries I see vs my style and 4 made money 1 just BE , no losers . Of-course I only too the one trade but that tells you that bulls made money and bears made little . Good action , time to show up ( which we do anyways ) .Note
So , I took a temp job in my old line of work to help a dear friend . It starts on Wednesday and I will need to focus on it for 2 months so I am afraid that I need to post pone this 6 month project . Really not ideal but , hey , he's my brother , at heart . So , he needs my help , he's got it. I still am going to make a point of keeping some commentary going and then around Oct I will be back to full time in markets . So , 6 month project is getting pushed to End of Feb to compensate for the lost time . I'll still trade tomorrow but it will be my last day for a bit ( just when things are getting primed Murphy's law) . I WILL BE BACK ! lol Note
TQQQ late long at 72.53Note
took a scalp at 72.87Note
took another target at 73.27Note
another 73.90Note
sold the balance at 74.26 . So happy that I need to start that other temp job tomorrow and not today :) Nice way to postpone the strategy . See you guys in a month+ ....Note
Trade 18 - 1.04 net a share , 1.27RClause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
