Snoozer last couple days, lost a couple hundred trying to go long AMD yesterday made 400 going long FB today super early in the premarket, this market is just depressing if you dont make money 2 hours before the market opens there is nothing there, thought FB would have a sweet range to trade today and once the market opens algos get ahold of it and it just turns into chop city. ES in a 3 point range at pretty much the height of earnings season. very aggravating.
short some QQQ's just a couple hundred so far at 144.30, im willing to add to this until over 145, but just putting out feeler size for now. I think the market has had all the earnings it needed for the market to go up, and now all of them are starting to roll over, think we might be breaking down.
I just got long SQ at 25.54...just a relatively small position, trying to make something back after getting burned on rolling some short puts this morning.
lol im such a bad trader this should have been like a 4k trade, i was so confident the QQQ's were breaking there but didnt like the amount of risk i had to take ishould have been short like 10 ES the second we broke 2474. Made about 460 between both accounts just 200 shares in each account.
we call this the TAB-FANG index in our room, just 9 of the biggest tech stocks in the market, i have 1 entire screeen dedicated too it, it was so obvious that all these charts were broken today, but i didnt want to chase the QQQ's then just ended up taking piker size when i finally went in.
nice work, think it was just a perfect storm, everyone was waiting for the tech names to make the market start rolling again, then we started going sideways after a ridiculous run, and all the big earnings had already come and gone after FB, so there was nothing left to bail the market out and keep the party going, so gravity just took over.