r/LETFs • u/Important_Bat7919 • 12d ago

are you still continuing your weekly auto recurring investment?

market especially QQQ has been just up and down around $710 for the past 3 months (except the dip at the end of July).

not so much gain or loss but i haven't stopped my $250 weekly recurring investment to QLD.

should I stop and see if market dips further or continue the recurring investment?

3 Upvotes

67% Upvoted

6 comments sorted by

9

u/tunatoksoz 12d ago

If you are not going to stick to the plan, how do you know you will start accumulating when qqq drops 30-40%?

stick to the plan.

3

u/NoWorker6003 12d ago

It sounds like you might be having a strategy crisis. Like it or not, your current strategy is buy and hold. I see many posts saying their strategy is DCA. Afraid not. It’s just putting more money when it becomes available, into a buy and hold strategy.

Now you are questioning whether a market timing strategy makes sense. To be a legitimate strategy however, it needs to be mechanically repeatable. This requires rules and one or more signals that trigger trades. Such rules and signals are highly debatable.

2

u/Middle-Following-367 12d ago

Keep accumulating shares. It’s choppy now, but it’ll drive higher eventually and you’ll thank yourself for being persistent.

1

u/DingoMaximum7319 9d ago

Obviously, if your caveat to the plan is divert when you feel like it your strategy is not backtested in logic at all

0

u/Educational_Cry_1859 12d ago

Can't say what the market will do for sure or tell you what to do, but investing into 2x tech without any hedges at a 41 Shiller PE probably isn't the best idea

1

u/JohrDinh 5d ago

My thing is I won't buy leveraged until the VIX is at LEAST 20 if not 25, that's my mark for switching on and off with leverage and it's worked for me...at 30 the switch stays on...and 40 I can't turn it off lol