Nasdaq has topped

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

  1. bone

    bone

    Crude never bought into the idea of a "selloff".

     
    #131     May 7, 2021
  2. Still hope.
     
    #132     May 7, 2021
  3. tiddlywinks

    tiddlywinks

    I guess the question is... if necessary, are you comfortable holding over the weekend?
    Of course, playing the DAILY, you'd have to wait until the close if your target or stop is not hit before, which makes a weekend hold like a play for a down opening gap.

    Oh well, it is a good entry and a good trade until it isn't.
    That's a truth, but it is not my trade style.

    Have a great maskless weekend!!
     
    #133     May 7, 2021
    Master Pu likes this.
  4. In hindsight, I should have hedged by going long via another account when NQ came close to my target and especially upon a double tap of that level. Live and learn!
     
    #134     May 7, 2021
  5. Overnight

    Overnight

    Don't say that in mixed company, because if the CME finds out they can ding you for a wash trade. It's still a grey area, especially for small investors, but not worth the hassle.
     
    #135     May 7, 2021
  6. I didn't have to go long NQ necessarily, no issues as far as I'm concerned. The main point is that there should have been a hedge at that time.
     
    #136     May 7, 2021
  7. Overnight

    Overnight

    You could legally hedge by going long in 10 MNQ per NQ short in same account, since they are two separate instruments. Just FYI stuff. (Yeah yeah, a bit extra commish, but alas).
     
    #137     May 7, 2021
    Master Pu likes this.
  8. I will definitely exploit this strategy in future trades.
     
    #138     May 7, 2021
  9. Relentless

    Relentless

    Was a good trade and it may still play out. Could have taken some off I suppose and let the rest ride. But I respect sticking to original strategies.

    Tough to be short these days. It's a rigged game. You'll get plenty of short opportunity before year end - probably much sooner than that.
     
    #139     May 7, 2021
    Master Pu likes this.
  10. Thanks bud!
     
    #140     May 7, 2021