Expecting some support @ 272 for QQQ Let's see if we break below. Currently indexes are down, Dollar (dxy) unchanged and rates (tnx) slightly down.
This deserves a debrief. First exit was pretty good, in anticipation of the antics during the Powell pony show. The re-entry point would have worked as planned but I didn't put a limit buy to get it. Would have been worth a few bills at least. Looking for a short term bounce on the lower trendline on the daily chart (SPY).
Not gonna lie, added 200 SQQQ today in anticipation of the break of the ugly choppy flag. Position in the red so far. This will be my last post on ET for a while. Nothing personal, and I really love the forum and all the members. But a little bird landed on my shoulder and gave me a hint...
One last post to close this trade. Added 100 this morning and sold all near the end of the day for 311.36 profit. Total profit for November: 527.86 Total profit since inception: 1231.92 Bear market still in effect. Gonna try to transition into Jim Rogers / Soros / Druckenmiller style fundamental investing with the usual TA & risk management. Although, it's basically what I've been doing this whole time, without the conviction and faith to put on some real size. Big thanks to everyone on this forum who shared valuable knowledge over the years. I'll still be lurking.