Using A System To Buy Tech

July 17, 2024

In our last Newsletter, we talked about buying tech.

When it comes to stocks, we’re probably too late to buy, though.

But we’re not too late if we use a system.

We’ve talked before about a system on the NQ (E-mini Nasdaq Futures contract). If we trade this, we can start anytime. All we need is the next signal.

And if we do decide to trade it, we will have exposure to a very volatile, very trendy market. There’s a possibility for excellent upside now and into the Future.

Without buying-and-holding-on-for-dear-life with stocks.

Here’s the system again:

30M Nasdaq E-Mini Band Breakout (NQ.D)

• Long Only Entry: When price closes above the Upper Band (Length 100, st dev 2.9), enter at Open of next bar.
• Target: $3000 per contract
• Stop: $1000 per contract

There’s no such thing as “overbought” when using a system. There aren’t any earnings reports to worry about.

If it breaks out, we’ll be there. If it doesn’t, we’ll wait patiently.

Has this system worked in 2024?

Yes. It’s worked well the past two years.

And here’s the Curve since 2001 via Portfolio Architect:

It’s hypothetically up nicely on a sample $20k account.

And if we compound our gains (doubling our contracts when our account doubles), it hypothetically turns $20k into $196k:

That’s pretty good.

We’ll try to make it better in the next Newsletter.

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Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.