%% SQQQ, PSQ is up most of SEPT; QLD is up >44.444% year to date. Even though I did a public LOL on FTEC bid/ ask spread; took some profits on FTEC this week/market order.Limit orders entry.[EDIT, never have traded PSQ]
%% I seldom can make sense of anyone's chart but my own/LOL.Thats the thing about a prediction-QQQ did better than that for the week/up1% +good buy volume. Good thing for the bulls, most companies are run better than DIS. DIS is down for the day/down for the week, down much of the year, down below 50 dma……………………………………………………………………………………………………………………………………………...NOT a prediction
I win, lol (my forecast of eod down vs poster who said mkt up); I said Friday we'd end the day down 1%, we ended down .96% I'm curious to see how Monday goes
Hi -- no, I'm holding all into tomorrow; overall down a bit. Should've followed my 'don't buy inverses premkt' rule. Will scale in next week if S&P takes out multi-day lows. (I'm curious, why don't more ET members show examples/PnL of trades they're in?? for a trading forum it seems heavy on talk, light on proof/examples, outside of journal section) current open positions:
%% WELL,KC, down Mondays/buy Monday can be a profitable/common pattern.BUT OCT tends to be wild+ up, bear killer. I prefer planned non swing trade trades, for inverse, mostly. [1]As far posting P+ L, an introvert may seldom do that;+ may not want any to see where price he or she got in. [2]Good thing IBD founder did not ask my opinion on sharing a 200 day moving average-- I would have said no, dont do that. But since the cat is out of the bag/QQQ is above 200 dma. [3]Even if you make money, on SQQQ Monday also, many would wonder why you did not take profits on SQQQ, fri?? Since its your business I dont have a problem any way you do it /SQQQ . [4]Sharing even a liquid ETF on a traders forum may or may not be productive;that may help you. OF course that big inverse gap up helped some inverse swing traders/fri. [5]Some may wonder why any would trade a wide bid /ask like FTEC?? Well, that semi liquid tech ETF was not anywhere near my first choice; but had a good position on a tech ladder/LOL [6,7] Thanks
My guess is no one would believe them. Tough crowd on these internet forums. Only trades posted in real time are believable and then there is no way of knowing if it was a real trade or a sim trade. Much easier to sit back and criticize.
Smart insights as usual... thx re Oct, election volatility will be epic to trade. Re SQQQ too small profit to take Friday plus I'm still trying to build a much larger position especially if it gets over 30. Interesting how divergent inverses are now, Russell TZA weak vs SQQQ strong. That's why I trade initial small size initially, then scale into leaders.
%% WELL just like there are lo probability, helpful chart patterns; probabilities/high probabilities matter much also. Discretion matters anywhere. Tough question ; why do so many pros+ others use end of day/end of week/end of month data=all of that is delayed, not realtime?? Good snoopy pattern pic...……………………………………………………………….