than short this market! Sometimes the best opportunities arise from severely overbought conditions (ie. - short squeeze plays). Being long during a squeeze is one of the easiest plays for the intraday trader. http://www.lcarb.us/arijose/soundfiles/vegas.wav
Yeah baby!!!! The scene where he cals the girl like 6 times only leaving messages still makes me wet myself laughing. Allen
Was anyone else caught short in the NQ when Globex went down. I have not cursed that much in a long time. I am curious as to what anyone else who was short did ith thier POS. I will start covered 1/2 when we opened at 16:45 @ 1114 then covered the rest this morning @1115 for a loss of -13 from my entry. Allen
Did you have access to the SPY, QQQ, or DIA...in order to hedge your open positions on the NQ? Or was that not an option?
I was comfortable riding it out for the day. Had I not been able to cover some after market i would have hedged with YM ( DOW Mini ). These market flukes happen just part of the game. I did hedge some QQQ but not nearly enough to cover my position fully. I think many were in that boat. Allen