Thanks for reposting SQQQ as your preferred pair to SOXL over SOXS. I've been taking stats on SOXL/SOXS for a couple weeks and now I gotta go back and repeat half of that because I forgot that point.
The possible theoretical profit SOXS sometimes spins off exceeds SQQQ many times, like here linked below in one of the two 5m entry cases where the SOXS outperformed SQQQ by 30%, 5.34% vs 3.74% for a fifty minute long trade.
You've mentioned volume as a reason why you prefer SQQQ over SOXS to trade.
57700 11:20 bar for SOXS vs
1982700 11:20 bar for SQQQ.
Given that you trade a 1m chart it makes sense that you need to and you will be able to dance in and out of that SQQQ at will all day long given the volume it spins off.
Would you say that the same is true for a 5m chart as well? That the possible extra percent gains are an illusion in the real world due to slippage induced by liquidity limitations?
https://www.elitetrader.com/et/threads/charts-for-no-reason.344272/page-24#post-5597716
The possible theoretical profit SOXS sometimes spins off exceeds SQQQ many times, like here linked below in one of the two 5m entry cases where the SOXS outperformed SQQQ by 30%, 5.34% vs 3.74% for a fifty minute long trade.
You've mentioned volume as a reason why you prefer SQQQ over SOXS to trade.
57700 11:20 bar for SOXS vs
1982700 11:20 bar for SQQQ.
Given that you trade a 1m chart it makes sense that you need to and you will be able to dance in and out of that SQQQ at will all day long given the volume it spins off.
Would you say that the same is true for a 5m chart as well? That the possible extra percent gains are an illusion in the real world due to slippage induced by liquidity limitations?
https://www.elitetrader.com/et/threads/charts-for-no-reason.344272/page-24#post-5597716

