Whop
Customer Q&A
Q: Is there a minimum account balance needed to trade the strategy?
A: To trade Equities in your account, you’ll want to have more than $25,000 in your account to not be restricted by the FINRA rules of a patter day trader. Please verify this with your Broker. If you trade with Futures please verify with your broker their margin requirements. The account balance we personally trade is 1 micro contract per $17,000 in our account. Please do you due diligence and consult with a licensed financial advisor if you have any questions regarding your risk profile
Asked on Mar 22, 2024
Q: Can I trade this strategy manually without automation?
A: Yes absolutely. You can simply put the strategy on your Tradingview charts and trade it manually or connect it with any 3rd party service you prefer to use.
Asked on Mar 22, 2024
Q: Can I trade this with ETFs, Equities, or Options?
A: Yes, it works on Stocks, ETFs, Options, and Futures markets. We personally have found that our strategy trades best in the largest and most liquid markets in the world, primarily with the Nasdaq 100 and S&P 500 'Micro' and 'Emini' contracts. It we have seen it perform well in high-growth stocks, especially the largest Nasdaq stocks like Tesla, Amazon, Apple, Nvidia, etc. When you have the strategy, you can apply it to any stock you would like.
Asked on Mar 8, 2024
Q: I know we cannot predict the future but do you see the TQQQ strategy being sustainable for the future?
A: We’ve backtested the strategy on TQQQ since its inception in 2010, as well as on the non-leveraged QQQ ETF, which has performed well since 2000. Given its resilience through various market conditions over the past 24 years, we believe this swing trading strategy has a promising future. We also expect the tech sector, represented by TQQQ, to continue outperforming the market. Disclaimer: This is not financial advice.
Asked on Sep 21, 2024
Q: Is your QQQ strategy, long only? I'm asking because Schwab's IRA doesn't allow shorting (no margin). I'm assuming IRA' with TradeStation is the same.
A: Our strategy only goes 'Long', so it works well with IRA rules. We personally trade our IRAs with this strategy. Let us know if you have any other questions
Asked on Sep 11, 2024
Q: Besides your membership subscription fee, are there any other fees to make this automated system work?
A: Yes, you will need a Tradingview account, they have a basic plan that will start at $15/month. Also, there is a third-party company that will connect Tradingview alerts to your broker. They will charge you approximately $50/month for their basic plan. Here is the link to learn more about their service https://traderspost.io/?via=brothers
Asked on Feb 14, 2024
Q: It says this strategy works on 15M and 1H time frames, however, is the TQQQ strategy you speak of on YouTube trade off the daily charts?
A: The TQQQ strategy we discuss on the Youtube channel is based on the 15 minute timeframe for our swing strategy.
Asked on Sep 21, 2024
Q: Can I trade this with an IRA account?
A: Yes, currently the brokers Tradestation and Tradeovate should allow you to open and automate our trades with an IRA account (Roth,Traditional, or Rollover). If your IRA is with another brokerage you can always ask Tradestation and Tradeovate about their process to have you open a new account and transfering your account.
Asked on Feb 14, 2024
Q: Is this like "robo" investing?
A: This can be setup to be automated, so it is identical to robo investing. The difference is that you actually control the strategy on Tradingview charts with the strategy and setup the connection with your broker. We guide you through it all with tutorials and support.
Asked on Jul 6, 2024
Q: If this strategy is so great, why would you sell a subscription to the public, instead of just keeping it to yourself?
A: We intend to trade this strategy long into the future. It's slow, consistent, and simple. Selling access to our strategy creates income for us while we grow our investment accounts decades into the future. The strategy works best for us in the largest markets in the world, the S&P500 and Nasdaq 100. There is plenty of room for all of us to trade the strategy together. It's not a quick-profit daily scalping strategy for us; we focus on Swing Trades, averaging about one trade every three days.
Asked on Feb 16, 2024
Whop