Training-complete-strategy

Hi Thomas, and welcome!

I published a Strategy for TQQQ, "One Percent a Week", have you seen that one?

If you have specific questions about your approach, you can ask here. We also offer a Concierge support/development service where we could work with you one on one to help achieve your personal strategy goals. You can find this under the Support/Concierge link in the main web site menu.

Sorry to dilute the topic, but as a European, how do you get around the restriction for trading U.S. ETFs?

Hi Thomas,
I recommend Thomas Vittner as a coach for the whole process of algorithmic trading. He is offering a highly professional step by step approach using wealth lab. It´s definitely worth the money and the coachings are held in german language.
More information on: www.thomasvittner.com

QUOTE:
What training can you recommend?

I think this is the right question to ask. Of course it is possible to learn:
* form books (most do not contain helpful information / working strategies that stand a rigorous backtest in WL)
* from the internet (nearly everything presented here does not work out in a backtest with WL)
* or from basic principles (needs some education in math, statistics, programming) and a (huge) lot of experimentation.

So I also highly recomend the trainings of Thomas Vittner. It is really worth the money and saves you years of time and a multiple of the costs for the many bad trades you'll experience otherwise.
I know quite a few people who left Thomas' coachings with a bundle of working, profitable strategies and they do earn money trading these.

Any coaching in english?

For WealthLab, spend a day with Glitch in Sarasota!
https://www.wealth-lab.com/Support/DayWithGlitch

We also do remote sessions.

Hello Cone,

we cannot circumvent the restrictions of the US ETF
But we have alternatives in Europe: QQQ3, 3USL
You can also register with InterActive in Europe as Profit, then you can also trade US ETFs, I have heard.
.

Thomas

I know Thomas Vittner from a lecture in Hanover.
Yes, he really knows a lot.

But each of his courses costs €3,000 for 15 hours in a group.

That is very expensive for me as a private individual. I can't deduct these costs from my taxes in Germany either.

Re: QQQ3, 3USL
Interesting, but their trading hours (about 3am to 11:50am EST) only overlap the U.S. liquid hours for 2hr 20 minutes.

You're right, that's a problem.

For all ETFs there are CFDs. https://www.interactivebrokers.ie/en/trading/products-cfds.php

Brilliant!

The thing is, there's a CFD for regular ETFs, like QQQ -


But not for the leveraged ETFs (no selection for a CFD contract)

CFDs already contain leverage, so you can do without leveraged ETFs.
"Margin Efficiency
Index CFDs are margined at the same low rates as the related future, adjusted for contract size. Retail clients are subject to minimum regulatory margins set by the CBI."

Hello Dmitry7,

Thanks for your advice. Yes, I am also aware of the possibility of trading with leveraged CFDs.

CFDs have massive tax problems in Germany. There is a loss limit of €25,000 at the tax office.

Therefore, it is not sensible to trade CFDs in Germany.

I have an account with Interactive Brokers. There, ETFs are shown like stocks in the tax certificate. There is no loss limit at the tax office for stocks in Germany.

This tax procedure is only so unpopular in Germany.

QUOTE:
CFDs already contain leverage, so you can do without leveraged ETFs.

Yes, but you then you can't use the Limit prices for TQQQ of the strategy that we're discussing here. But to trade QQQ as a CFD with this strategy, you could modify the strategy, multiplying all the percentages by 1/3.

fwiw, I trade a heavily-modified intraday strategy loosely based on "One Percent" using NQ (or MNQ) futures. The 1/3 multiplier works there too.