SUMMARY
It's FRIDAY and it's that time of the week to check which ETF is winning! The chart below shows that SPXL at 22.9% beats out TQQQ's three week winning streak!
This is the easiest portofolio to self manage! Every Friday, you simply run a rolling 3 month chart for the four ETFs and see which one has the highest gains. The whole rationale to this portfolio on how it keeps you in the best performing trend is explained here. In short, it is a very simple trend following portfolio.
The below is the performance update of my porftolio. I have solld all of the TQQQ holdings and moved the funds to purchase 4,552 shares of SPXL. The porfolio currently stands at 4.25% profit from prior week's 8.6% profit.
Am I alarmed or panicked by the decrease in % profit from last week? Not in the least! I shall follow this portfolio with discipline and select the winning ETF each Friday.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**