Dumb Qqqq Trading For Zombies
The QQQQ trading scheme whacked the investment world by storm 12 years back.
Any Donald whom could slap up a website began offering his QQQQ trading alerts for roughly $30 a month.
In the event that you by chance signed up for such a product then you already realize, it's rubbish.
Such QQQQ trading internet sites that are presumably going to allow you to make a tremendous amount of bucks with their trading systems are solely around to help the operator of the internet site make money, not you.
Returning in the later part of the 90's, I just had to try such a product to see what it was all about. I signed up for a QQQQ trading service from a business called Highlight Investments Group.
You never genuinely are able to get the same gains that they put up on the website mainly because of slippage. Highlight Investments Group just entirely disregards the cost of placing a trade. For instance, their internet site reveals, "Long 7/22/2010 Enter at $45.93 7/23/2010 Sell at $45.98 For a 0.11% Gain". Which means that the website reports this stock trade as a gain! Having the cost of the trade figured in, this stock trade was a loss for the majority except if you are investing some $100,000 dollars in QQQQ and even then, you'd most likely get your order filled in multiple chunks on the way up.
A more honest strategy by Highlight Investments Group would be to shave 2% off every signal for slippage like an individual decide to put $1,000 at risk implementing their trading signals.
Highlight Investments Group posts on their internet site: "QQQQ Signals - Past 3 Months - Our Compound Returns = 17% - Buy & Hold Returns = -9%"
This is a good case in point of how you can use numbers to lie. The idea you get is that if you bought and held, you'd be down money, but if you used their trade signals, you would be up 17% over the previous 3 months. Why did they use 3 months? What if you used 1 month instead? Over 1 month, a buy and hold strategy would have you up just about 10% in QQQQ while using their signals would have you up only 3.5%, and that's not counting slippage which would add another 5% (3 trades over last month at about 1.5% cost per trade) loss on the downside for a total loss of -1.5%!
Don't you know that if Highlight Investments Group was genuinely able to generate these kind of returns, why would they be wishing to sell the technique to you for $30 a month? Why would they contend with indignant buyers demanding refunds, website hosting fees, business filings, taxes, IRS business returns, and the dozen other things a small business has to cope with. Wouldn't they just quietly take advantage of their own system to become prosperous investors without having all the stress involved with managing their own online business?
You are much better off folks understanding how to trade and performing technical analysis on your own as opposed to using some sort of mystical black-box top secret buy and sell signals you do not know how they were produced and are not authorized to look inside and analyze.
In this video clip, I do technical analysis on QQQQ and give you my opinion on where this market is going.
qqqq trading
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