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TQQQ SMA Crossover Strategy Portfolio Analysis
A detailed analysis of two TQQQ SMA crossover strategies, including portfolio creation, backtesting over multiple timeframes, and performance comparison against TQQQ.
Aurora: Hello. Would you like to use GPT Stock Reports to find the best Technology stocks?
User: I want a SMA crossover strategy on TQQQ. I want a take profit strategy, but no stop losses — I’m bullish on tech long-term and don’t want to be stop lossed out. I also want to space out my buys and not go all-in at once.
User: Create a portfolio from this strategy with $10,000
Aurora: **Description**: The SMA Crossover strategy for TQQQ is designed to capture momentum in tech stocks by using a crossover of the 20-day and 50-day Simple Moving Averages (SMA). This strategy aims to enter positions when the 20-day SMA crosses above the 50-day SMA, indicating a potential upward trend. Additionally, the strategy includes a take-profit mechanism to lock in gains when the price of TQQQ exceeds 1.1 times the 20-day SMA, ensuring that profits are realized without relying on stop losses. To manage risk and avoid going all-in at once, the strategy spaces out buys by ensuring at least one day has passed since the last buy order. This approach aligns with a bullish long-term outlook on tech stocks, allowing for gradual accumulation of positions while capturing upward momentum. **JSON**:
User: Re-create this portfolio Attachment: [{ "_id": "66e720e25eaefb549eeb3e51", "userId": "63d96768efc1160d9c5e1482", "name": "GPT-o1-mini TQQQ", "deployment": { "type": "paper-trading", "frequency": "OpenClose" }, "initialValue": 10000, "buyingPower": 11.938485981884241, "commissionPaid": 0, "createdAt": "2024-09-15T18:01:06.602Z", "main": false, "active": true, "positions": [ { "asset": { "name": "TQQQ", "symbol": "TQQQ", "type": "Stock" }, "quantity": 135.94602306461238, "lastPrice": 82.14, "averageCost": 82.02094227573282 } ], "strategies": [ { "_id": "66e720e25eaefb549eeb3e47", "name": "Buy 2500 dollars in TQQQ Stock when (50 Day TQQQ SMA > 200 Day TQQQ SMA) and (# of Days Since the Last Filled Buy Order of TQQQ ≥ 7)", "userId": "63d96768efc1160d9c5e1482", "condition": { "name": "(50 Day TQQQ SMA > 200 Day TQQQ SMA) and (# of Days Since the Last Filled Buy Order of TQQQ ≥ 7)", "_id": "66e720e2bd26b85b3c942f6e", "comparison": null, "conditions": [ { "lhs": { "targetAsset": { "name": "TQQQ", "type": "Stock", "symbol": "TQQQ" }, "window": { "length": 50, "interval": "Day" }, "type": "SimpleMovingAverage", "name": "50 Day TQQQ SMA" }, "rhs": { "targetAsset": { "name": "TQQQ", "type":…
Aurora: **Description**: The portfolio "GPT-o1-mini TQQQ" is designed to capitalize on the momentum of the ProShares UltraPro QQQ (TQQQ) stock, which is a 3x leveraged ETF tracking the NASDAQ-100 Index. The strategy involves two main components: 1. **Buy Strategy**: The portfolio will buy $2,500 worth of TQQQ when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA, indicating a potential bullish trend. Additionally, the strategy ensures that at least 7 days have passed since the last buy order to space out purchases and avoid going all-in at once. This approach helps in gradually accumulating positions and taking advantage of upward momentum. 2. **Sell Strategy**: The portfolio will sell 100% of the current positions in TQQQ when the 14-day Price Rate of Change (ROC) exceeds 15%. This condition suggests a significant upward momentum, and selling at this point helps in locking in profits and managing risk. The portfolio starts with an initial value of $10,000 and aims to leverage the volatility and potential gains offered by TQQQ while implementing risk management through spaced-out buys and a clear sell condition based on price momentum. **JSON**:
User: Backtest both these portfolios for the past year. Compare them to TQQQ as the baseline
Aurora: **JSON**:
User: backtest both these portfolios for the past 5 years. Use TQQQ as the baseline
User: backtest these portfolios for the past 10 years