
$Proshares UltraPro QQQ(TQQQ.US)Not bad, the strategy is not bad.
How to deal with a grinding, hawkish pullback?
Over the past month or so, the Nasdaq Index has undergone a tortuous correction. The entire correction process has been back and forth, constantly seesawing, which is a typical "grinding hawk-style correction." As the name suggests, a grinding hawk-style correction is one where the market can't rise decisively or fall cleanly. In short, no matter if you're a short or a long, the price action can grind you to death! This kind of correction (using TQQQ as an example) usually lasts 2~4 months. The best-case scenario, as shown in Figure 1 below, is that since the correction range is small, everyone just endures it and gets through...
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