If AAPL holds above 270 we could see 1000 points higher on the (lol) Dow on Monday. I don't trade Dow/futures, but it's all that the public knows.
Market is dead, im all out, i could see this thing rolling over and just puking now, the market has everyone loaded up long.
https://www.marketwatch.com/investing/fund/tqqq/holdings https://www.proshares.com/funds/tqqq_daily_holdings.html https://yippy.com/ysa/cgi-bin/query-meta?query=how+to+catch+a+falling+knife -
Markets closed, i was up 35k st one point, I changed my direction finished only up 15, thats the way the market works, thats what im getting at, these are the kind of days where you can make 100k if you get it right, and not blink an eye. Thats what i was saying.
Up 10% on TQQQ shares in the last two hours. I had a (nearly) 3 unit day (at work). I am going to buy this site just so I can put "God" under my handle.
Wow, I didn't stick around for that last hour. I had taken 1/2 of BUD off and I'm totally not worried about the other 1/2 so I beat feet about right before 3PM. Had I been playing SPY, I would have stopped myself at 2890.... man I would have been pissed. 2880 and then straight up. Thats the action I thought would start at 14:30.... whoa, mother market is a bitch. That f'd a lot of people I imagine. Yeah but you have to have conviction to get a big score like that. You would have to trade like stops be damned. And that can be potential suicide. I would have done exactly what you did, I mean who wouldn't have? D was locked in. Good job making $15K though. Beats a sharp stick in the eye. These patterns repeat. We saw the 14:30 run a couple times on days like this at the end of 2018. We saw the 15:40 action like today too, except it was a huge drop as I recall. I'd have to go back and look. I figured it was gonna run into the close, but I was thinking 14:30 would kick it off. And it did, 30 points. And then came that drop. Who wouldn't have bailed below 2900? Wow. Glad I wasn't playing.... I'd have lost bigtime. Edit... why aren't we conversating about this on the #1 thread on the world wide interwebs? Where is B1 today btw? Probably working on throwing his back out at the driving range with a new driver and the latest club-head speed detector.