No. of Recommendations: 4
Using QQQ at the close for opening long position 1/13 (OL $280.97) and 2/9 (CL $301.68) there was a 7.3% gain.
For the short position using QQQ 12/15(OS $276.23) and 1/6 (CS $268.80) there was a 2.7% gain.Good point. With QQQ the result is better, although I suspect it could go the other way as well, QQQ being more volatile. I have added QQQ (your dates were slightly off) with these signals which are based on the S+P500 to a little table I made:
date action S+P500 price QQQ return S+P return QQQ
12/15/22 open short 3,895.75 276.23
1/6/2023 close short 3,895.08 268.80 0.02% 2.76%
1/12/23 open long 3,983.17 279.05
2/10/23 close long 4,090.46 299.7 2.69% 7.40%
Anyway, two trades from a blackbox system, or even 1 year of trades don't prove much. So I think I'll leave it at that, although for entertainment purposes I'm looking forward to seeing the next signals.
Anyone remember TimingCube? I never used them, but remember people posting that their system based on backtested results (which they presented as real trading results) worked for a good while, until it didn't. I think it turned out quite a desaster for some people.
