SPA3 Income is a rules-based swing trading system for US leveraged ETFs. Clear buy and sell signals. Managed risk. About 30 minutes a week.
Developed by Gary Stone after continuous SPA3 research and development since 1994. Every rule visible. No black box.
Before you start: you need a compatible broker, US market data, suitable trading capital, and time to review signals and place any required orders. Leveraged ETFs carry significant risk, including possible loss of capital. General information only.
The problem is execution. When the market moves, rules get negotiated, exits get delayed, and opinion starts to replace process.
A sell signal appears, but the trader waits for the market to feel safer.
A clear rule becomes a debate because the latest chart looks convincing.
More screen time creates more noise, not better execution.
SPA3 Income turns analysis into a defined action: follow the signal.
SPA3 Income scans 31 US-listed leveraged ETFs and generates objective buy and sell signals. No interpretation. No gut call. The system tells you what the signal is. Your job is to execute it.
Every rule that governs entry and exit is visible to members. You know why a signal fires. Nothing is hidden behind a manager's discretion.
Entries use volatility breakouts to identify momentum shifts. Exits use trailing stops, overbought profit-taking, and weakness rules.
You see the signal on the chart, execute it, then track the portfolio. The platform carries the analysis so you can focus on behaviour.
Check signals, confirm open positions, place any market-on-close orders, and record the outcome. That is the weekly rhythm.
It comes from trading properly and managing capital properly over time. SPA3 Income is designed around high growth when conditions are strong, protection when they are not, and a reserve that can fund withdrawals during flat or losing periods.
When markets trend and signals fire, the portfolio compounds. This is where returns are built.
As the portfolio grows beyond your starting capital, periodically lock in gains by resetting your base.
Move excess profits into a separate rainy day account. That reserve becomes your income buffer.
During drawdowns, income comes from the reserve, not forced trades or broken rules.
The simulations below show how SPA3 Income would have performed using historical market data across different time periods.
November 29, 2022 to December 1, 2025
November 29, 2020 to December 1, 2025
November 29, 2015 to December 1, 2025
These simulations are provided for illustrative purposes only and are based on historical market data and the assumptions shown above. They are not actual trading results and do not predict future performance. Trading involves risk, including the risk of loss. Individual results will vary. General advice only. Past performance is not indicative of future results.
Real money, traded live since 15 December 2025 across a universe of 31 US leveraged ETFs. Eight and a half months of record — short, and shown in full, drawdown included.
| Period | Portfolio | S&P 500 TR |
|---|---|---|
| 1 month | −1.77% | +2.47% |
| 3 months | −7.59% | +1.03% |
| 6 months | +39.57% | +12.05% |
| 1 year | n/a | n/a |
| 3 years p.a. | n/a | n/a |
| 5 years p.a. | n/a | n/a |
| 10 years p.a. | n/a | n/a |
| Since inception | 30.77% | 13.38% |
| Inception date | 15 Dec 2025 | — |
| Starting capital | US$163,158 | — |
SPA3 Income versus S&P 500 TR. Portfolio +30.77%, index +13.38%. Full figures are in the tables on this page.
| Measure | Portfolio | S&P 500 TR |
|---|---|---|
| Return since inception | 30.77% | 13.38% |
| Maximum drawdown | −15.48% | −8.89% |
| Max drawdown date | 10 Mar 2026 | 30 Mar 2026 |
| Current drawdown | −7.59% | −1.62% |
| Risk : Reward — lower is better | 0.50 | 0.66 |
| Longest time underwater | 92 days | — |
| Sharpe ratio | 1.34 | — |
Eight and a half months is a start, not a track record — read it that way. In that window the portfolio returned 30.77% against the index's 13.38%, and it did that while spending as long as 92 days underwater in a single stretch — one it is still in — and falling 15.48% from its high on 10 March 2026.
One trade carries a lot of that number. A single SOXL position returned +164.38% and US$51,706 in 32 days — more than the portfolio's entire net profit of US$50,200. Strip it out and the record is a loss. That is what a small sample looks like, and it is why eight months of leveraged-ETF returns should not be read as a rate of return you can expect.
The portfolio currently sits 7.59% below its peak. That is published here for the same reason the 30.77% is. You cannot judge a system on the half of the record that flatters it.
All 29 closed trades, grouped by result. The tall bar is the point: most losses are small ones.
Winners are held 1.6× longer than losers. Nothing decides that but the rules.
Most trades lose a little. A few win a lot. The system's only job is to make sure the second group is held long enough to outweigh the first — which is why the win rate can sit below 50% and the portfolio still compounds.
| Instrument | Entry | Exit | Held | Result % | Result $ |
|---|---|---|---|---|---|
| TNA Direxion Daily Small Cap Bull 3x | 10 Apr 2026 | 21 Aug 2026 | 133 d | +40.42% | +US$11,212.05 |
| SPXL Direxion Daily S&P 500 Bull 3x | 14 Aug 2026 | 21 Aug 2026 | 7 d | −5.15% | −US$2,129.32 |
| YINN Direxion Daily FTSE China Bull 3x | 17 Jul 2026 | 13 Aug 2026 | 27 d | +4.79% | +US$1,892.36 |
| UWM ProShares Ultra Russell2000 | 12 May 2026 | 30 Jul 2026 | 79 d | +5.58% | +US$2,335.40 |
| TQQQ ProShares UltraPro QQQ | 16 Jun 2026 | 17 Jul 2026 | 31 d | −15.59% | −US$6,079.81 |
| NAIL Direxion Daily Homebuilders & Supplies Bull 3x | 12 Jun 2026 | 9 Jul 2026 | 27 d | −4.75% | −US$1,902.18 |
| SSO ProShares Ultra S&P 500 | 16 Jun 2026 | 8 Jul 2026 | 22 d | −1.56% | −US$638.23 |
| NAIL Direxion Daily Homebuilders & Supplies Bull 3x | 12 Jun 2026 | 12 Jun 2026 | 0 d | +2.13% | +US$851.11 |
PBYP lets you begin with the US$99 monthly data-and-support subscription; the full fee is invoiced only after the LTTP reference portfolio reaches the stated +US$2,495 milestone.
US$99/month for market data and unlimited support.
The deferred fee is only triggered when the SWS reference portfolio reaches US$2,495 profit.
Gary Stone has spent decades building and trading rules-based systems. He does not sell a black box. He runs a glass box: every rule, every signal, and every trade is visible — including his own.
"Share Wealth Systems is not just a trading system. There is a huge amount of training material, webinars and support to improve your investing knowledge. I highly recommend Gary Stone and his team."
"Beyond Charts is a purely mechanical system for share trading/investing, which is great because it takes the guesswork and stress out of something that would otherwise involve subjective decision-making."
"David is personable, has a wealth of experience and always ensures he spends the time needed with you to coach and solve any problems you may have."
Short answers for the decisions most visitors need to make before starting.
Some market experience helps. You should be comfortable using a brokerage platform and allocating capital to a satellite trading strategy.
It trades 31 US-listed leveraged ETFs, including 2x and 3x instruments such as TQQQ, SOXL, and SPXL.
About 30 minutes per week once learned: check positions, review signals, and place any required market-on-close orders.
Profit Before You Pay (PBYP) gives access at US$99/month. The US$2,495 fee triggers only when the SWS reference portfolio reaches +US$2,495 profit.
Drawdowns are normal. LTTP supports execution through drawdowns, while the Rainy Day framework avoids forcing income from weak periods.
US$99/month. Access SPA3 Income, trade alongside the reference portfolio, and only pay the full US$2,495 when the LTTP reference portfolio reaches +US$2,495 profit.
Start the PBYP OfferGary's free 7-part PBYP Series walks through the system, the offer, and the training — at your pace, before you decide anything. Watch the PBYP Series free.
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