HOW TO TRADE SOXL & TQQQ WITHOUT WATCHING CHARTS ALL DAY

Summary

The presenter advocates a rules-based swing-trading approach for leveraged ETFs, using weekly charts and scheduled checks instead of monitoring the markets throughout the day. He says this process aims to reduce noise and emotional decisions, while warning that leveraged ETFs are risky and can move against traders quickly.

Trading framework

1. Narrow the watchlist. Focus on a manageable set of leveraged ETFs that you understand and can review in a few minutes. The presenter says a shorter list reduces distractions rather than limiting opportunity.
2. Run daily and weekly “pre-flight” checks. Review the watchlist near the end of the trading day or after hours. Make a simple yes-or-no assessment of whether an ETF is setting up. For a potential trade, prepare conditional orders that can execute while you are away from the screen.
3. Use weekly indicators for entries and exits.
   • Track the TSI on the weekly chart, using settings of 8, 8, 3, alongside the MACD histogram.
   • An upward TSI crossover from a lower level is the entry trigger; a downward crossover is the exit trigger.
   • A rising MACD histogram may indicate that momentum is beginning to turn up. Falling TSI and MACD readings are a reason to stay out.
   • Enter or exit at the end of the week after confirming the signal. The presenter says he ignores crossovers that appear Monday through Wednesday and waits for Friday confirmation, acting during the final hour.
   • If the initial entry is missed, another option is to enter near the 10-week moving average, approximately equivalent to the 50-day moving average.

Assets, examples, and performance claims

• Leveraged ETFs discussed: TQQQ and SOXL.
• The presenter also refers to the “Qs” and to TQQQ’s underlying asset. The transcript does not clearly identify the underlying instrument by ticker.
• Chart examples cited:
  • TQQQ: A 2025 trade described as returning about 51% from weekly entry to exit.
  • TQQQ: A trade beginning in April 2026 described as gaining 56% until the weekly exit signal; he also gives an alternative exit figure of about 47%.
  • SOXL: An April 2025 example described as an 85% gain.
  • SOXL: Another chart move described as a 238% gain, with no clear date provided in the transcript.
• The presenter says his selected ETFs have historically shown potential for 50%–100% annual moves, but explicitly says those returns are not guaranteed. The examples are presented as chart-based illustrations, not as assurances of future performance.

Disclosures and cautions

• The presenter says the video is not financial advice, does not promise gains, and does not claim that every trade works.
• He warns that leveraged ETFs carry substantial risk and can punish traders quickly.

Presenter/source: Dennis, speaking for AutoPilot Trading Market Tech Talk. He also promotes his book, Trade Your Way to Freedom, and the AutoPilot Trading service.