Nasdaq has topped

Discussion in 'Trading' started by Master Pu, Apr 29, 2021.

  1. @bone

    Screenshot_20210504-165427.png
     
    #101     May 4, 2021
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  2. KCalhoun

    KCalhoun

    tightening trailing stops 1:10pmET

    fdlyts4may.jpg

    spy4mayaa.jpg sqqq4may.jpg
     
    Last edited: May 4, 2021
    #102     May 4, 2021
    Master Pu likes this.
  3. My guesstimate is that NQ dips to 13k overshooting the 20 SMA on the weeklies.
     
    #103     May 5, 2021
  4. maxinger

    maxinger

    #104     May 5, 2021
  5. Not yet. Gains are unrealized. My worst enemy is V reversals, I can't stand them, luckily they don't happen that often.
     
    #105     May 5, 2021
    KCalhoun likes this.
  6. maxinger

    maxinger

    you can take some profit now.
    and leave some position opens.
     
    #106     May 5, 2021
  7. I could, but I don't do that. I don't scale out, and I don't scale in.
     
    #107     May 5, 2021
  8. Nine_Ender

    Nine_Ender

    QQQ has been weaker then the rest of the market at times this year, but choppy. Oil really bullish today and Copper solid. Seems my idea for Ken to pair his QQQ shorts with energy longs was a really good one in retrospect.
     
    #108     May 5, 2021
    KCalhoun likes this.
  9. Media channels all in unison making attempts to prevent market from declining. I'm ready to be stopped out to breakeven.
     
    #109     May 5, 2021
  10. ES hit a key support level yesterday and today. I think we can easily trade back up to ATHs from here.

    You entry was excellent, but I'm not so sure we'll go all the way to your target on this leg down.

    Fixed targets (unless very conservative) is not always optimal as your forecasted level may both overshoot and undershoot.
     
    #110     May 5, 2021